The Paasche index is a composite index number of price arrived at by the weighted sum method. This index number corresponds to the ratio of the sum of the prices of the actual period n and the sum of prices of the reference period 0, these sums being weighted by the respective quantities of the actual period.
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composite index number of price arrived at by the weighted sum method...
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The Paasche index is a composite index number of price arrived at by the weighted sum method. This index number corresponds to the ratio of the sum of the prices of the actual period n and the sum of prices of the reference period 0, these sums being weighted by the respective quantities of the actual period.
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