Paasche and Laspeyres Indices | Article about Paasche and Laspeyres Indices by The Free Dictionary

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price index

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Related to Paasche and Laspeyres Indices: Paasche price index, Paasche index, Laspeyres price index

price index

[′prīs ‚in‚deks]

(statistics)

A statistic used primarily in economics to indicate an average level of prices in a time series; combines several series of price data into one index.