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A

Section A: Long Answer Questions

Attempt any TWO questions.

3 questions·10 marks each
1long10 marks

Define index numbers. Explain the methods of constructing index numbers (Laspeyres, Paasche, Fisher) and solve a numerical problem using the given price and quantity data.

index-numbers
2long10 marks

Explain the components of a time series. Describe the method of moving averages and the method of least squares for measuring trend.

time-seriestrend
3long10 marks

Define the binomial and Poisson distributions. Distinguish between them and show that the Poisson distribution is a limiting case of the binomial distribution.

binomialpoisson
B

Section B: Short Answer Questions

Attempt any EIGHT questions.

9 questions·5 marks each
4short5 marks

Define index numbers.

index-numbers
5short5 marks

What are the components of a time series?

time-series
6short5 marks

State Fisher's ideal index number formula.

index-numbers
7short5 marks

What is the method of moving averages?

time-series
8short5 marks

Distinguish between binomial and Poisson distributions.

distribution
9short5 marks

Define the mean and variance of the binomial distribution.

binomial
10short5 marks

What is a secular trend?

time-series
11short5 marks

Define Laspeyres and Paasche index numbers.

index-numbers
12short5 marks

Find the mean of the binomial distribution with n = 10, p = 0.4.

binomial