ABSTRACT
This project is based on price and quantity indices of some common food items products between 2001-2010. It covered the sales of the Ministry of finance, Budget and Economic planning Ibadan secretariat (Agric section).
The method used to compute the data is index number and some of the various methods is among unweighted and weighted index. Unweighted comprises of simple relative indices, simple mean relative indices simple Aggregate indices, simple relative indices simple relative aggregate quantity index while weighted index are laspayee index, paache index, fishers ideal index and marshal Edgworth indices.
It is observed that index number decrease for some period of time and increase for some period of time form 2001-2010 the critical observation shown form the hypothetical table. Thus reading through this write up, one will be enlighted more on how research is been carried out using index number analysis.
TABLE OF CONTENT
Title Page
Abstract
Certification
Dedication
Acknowledgement
Table of contents
CHAPTER ONE
1.0 Introduction
1.1 Definition of the purpose
1.2 Some classification of index number
1.3 Aims and objectives
1.4 Significance of the study
1.5 Scope and coverage
1.6 Data collection procedure
1.7 Method of data collection
CHAPTER TWO
2.0 Literature review
2.1 Research question of the case study
CHAPTER THREE
3.0 Methodology
3.1 Unweighted indices index
3.2 Weighted aggregate index
3.3 Price index as a deflator
CHAPTER FOUR
4.0 Data presentation and analysis
4.1 Presentation of data
CHAPTER FIVE
5.0 Findings interpretation and conclusion
5.1 Recommendation
5.2 Conclusion
5.3 Findings
References
CHAPTER ONE
1.0 INTRODUCTION
Many Authors has defined index number with various terms. The most acceptable definition of index is defined by a West African author.
Index number is a statistical device used to measure change in price, quality or value of a groups of related items over a period of time.
Index number over years from difference organization such as central bank of Nigeria, commercial bank and publication of the federal office of statistics and other official statistics is sometimes called an index series.
The concept of index number relating to price and quantity index of some common food items could be classified into price quantity indices measure changes in price level and quantity of related items respectively, value index on the other hand, measure simultaneous changes in price and quantity of the items over a period of time.
Moreover, index number is a good measurement of price and quantity when goods or commodity is purchase by buyers and sellers. It was discovered that index number compared the price of base and current year. Base year quantity denoted by Pn. For easier identification.
1.1 DEFINITION OF THE PURPOSE
An index number is a statistical devise that determine or measure percentage change in the price value of some common foods
1.2 SOME CLASSIFICATION OF INDEX NUMBER
(i) The classification is as follow
(ii) Value indices
(iii) Price
(iv) Quantity
This classification above can be explain as follows:
(i) VALUE INDICES:-
It as to due with how a goods or commodities is valuable to the producers in a given industries. A typical example is the price of goods in the markets and if the price of goods is very high in the markets we say the value indices in the market favoured the producers. But if the price of good r or commodities is low, we say value indices in the market is unfavourable to the producers.
(ii) PRICE:-
This is said to be count a given goods or commodities command in the market place. For instance, if twenty Naira is to be use to purchase twenty quantity of pencils twenty naira is the cost of the goods. This cost or....================================================================
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