Laspeyre's Price Index/Paasche's Price Index/Fisher's Ideal Price Index//PRICE INDICES

[@ericksonlectures1624]

CORRECTION At time19.21; Fishers Ideal Method is supposed be Paasche's × Laspeyres Sorry for that

[@theauthenticwoman3449]

Hisabati na mimi hatupatani 🙈. Great Content.

[@Blake_Ree]

On fisher's method shouldn't that be multiplication instead of addition?

[@ericksonlectures1624]

Absolutely true It was a mistake Fishers Ideal =Laspeyre's ×Paasche's Kindly check my comment above too

[@Blake_Ree]

Thanks for correcting that

[@ericksonlectures1624]

You are welcome

[@wangariwawanjiru8902]

You good in maths, Nkonge Julie hapa

[@ericksonlectures1624]

Thank you very much

[@gloesther1089]

Thanks for your content... i wish i found it earlier not when am already going for a paper.

[@ericksonlectures1624]

It's still timely Ester😊 Maybe you could share with me your next papers so that I prepare you in advance

[@NinsiimaPatience.]

Great work thanks.

[@odekdavid6450]

Nice job indeed,do you have examples on quantity index??

[@austinezeze8691]

Great content 💯👌

[@ericksonlectures1624]

Appreciate it

[@maxmilla9518]

Thanks so much for sharing this

[@CynthiaNdeleva]

You have wrong in the computation of calculating especially the pO X q1

[@cynthiaonyango9734]

Wow great.........

[@johnmutua3687]

In PoQ1 you multiplied the wrong values. .. So this video was aploaded two years ago and only one person noticed the mistake despite the many views !!

[@katewairimu7233]

Me tooo

[@yourhoneykinja]

arent the 3 indexes be multiplied by 100????

[@ericksonlectures1624]

Depends,if you want express your answer in percentage,then yes But in decimal place is ideal bcoz you will be able to make comparison with regards to price and quantity changes while referencing to 1

[@yourhoneykinja]

@@ericksonlectures1624 how about the fisher's ideal....is it supposed to be addition or multiplication???bc I'm finding other explanations that say otherwise 😭please help

[@johnmutua3687]

​@@yourhoneykinja should be x

[@usamaazeem8863]

you did a mistake in last column its P0Q1 but you multiplied wrong numbers in that column

[@johnmutua3687]

Very true... He multiplied the wrong values !!

[@siniorepapito1685]

The sign at the end is very misleading if one doesnt read in the comments....redo the video!!!

[@tjd7406]

You did mistake to fisher's ideal

[@ericksonlectures1624]

I will review it.Thanks for notifying