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Quantitative Techniques – I

Notes (e) Dorbish and Bowley’s method and
(f) Marshall and Edgeworth’s method.

2007 2011
Commodity
Price Quantity Price Quantity
A 16 50 24 45
B 18 30 24 25
C 20 5 15 8
D 10 6 12 6
E 10 10 14 12

Answers: Self Assessment

1. Index Number 2. quantity, value

3. characteristics 4. /dozen
5. extent, direction 6. base
7. current 8. values
9. upward 10. downward
11. (a) 12. (c)

13. (c) 14. (a)
15. same 16. suitable selection
17. easy, simple 18. True

19. False 20. True
10.14 Further Readings

Books Balwani Nitin Quantitative Techniques, First Edition: 2002. Excel Books, New Delhi
Bhardwaj R S., Business Statistics, Excel Books
Lindgren B.W (1975), Basic Ideas of Statistics, Macmillan Publishing Co. Inc.,
New York.

Selvaraj R, Loganathan, C Quantitative Methods in Management
Stockton and Clark, Introduction to Business and Economic Statistics, D.B. Taraporevala
Sons and Co. Private Limited, Bombay.

Walker H.M. and J. Lev, (1965), Elementary Statistical Methods, Oxford & IBH
Publishing Co., Calcutia.
Wine R.L. (1976), Beginning Statistics, Winthrop Publishers Inc., Massachusetts.

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