Index Numbers Lecture #9 | Cost of Living Index | Family Budget Method | Khedekar Educare

Dear students in this video we will continue with the ongoing series on topic Index Numbers. In this video we will continue with methods to calculate Cost of Living Index i.e. Aggregative Expenditure Method and Family Budget Method. If you have any doubts don't forget to ask them in the comment section. 🎞 Watch Previous video on the topic:    • Index Numbers Lecture #8 | Cost of Living ...   🎞 Index Numbers Playlist:    • Index Numbers | Mathematics and Statistics...   #youtubeeducation #IndexNumbers #WeightedAggregate #CostOfLiving #LaspeyresIndex #PaascheIndex #DorbishBowley #Index #familybudget #mathsandstatistics #commercemaths #class12 #khedekar #educare Following Topics are covered in the Index Number series: 1. Types of Index Numbers 2. Terminology and notations 3. Construction of index numbers | #SimpleAggregate method | Weighted Aggregate method 4. Cost Of Living index number | #AggregateExpenditure method | Family Budget method 5. Uses of cost of living index numbers Index numbers are used to measure economic performance and other economic variables of an economy, such as price and cost of living, with reference to different time periods, location, characteristics, etc. So, index numbers are said to be the economic barometers of a country. Let's #learn together. If you find this video useful please support our channel. Like, Share and Subscribe it's free! https://bit.ly/3bQLaVl Also if you have any suggestions do let us know in comment section. Or reach us on: 🎞 Youtube:    / @khedekareducare9566   🎞 Instagram:   / khedekareducare   🎞 Facebook:   / khedekareducare   Thank You for Watching.