Practice - Index Numbers and Moving Averages
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is an index number?
💡 Hint: Think about how we might compare today’s prices to prices in the past.
Name a type of index number.
💡 Hint: Remember the P-Q-V acronym.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does an index number measure?
💡 Hint: Think about what we've discussed on how we measure changes over time.
True or False: A weighted moving average gives equal importance to all data points.
💡 Hint: Consider how different items might affect averages differently.
Get performance evaluation
Challenge Problems
Push your limits with advanced challenges
Given the following price levels: Year 1: 90, Year 2: 110, Year 3: 120. Calculate the price index number for Year 3 using Year 1 as the base.
💡 Hint: Remember to compare the current price to the base year price.
Using a weighted moving average of three data points: 5, 10, 15 with weights 0.5, 1, 1.5 respectively, find the moving average.
💡 Hint: Make sure to multiply each data point by its weight before adding them up.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.