Overview

current-weighted index


Show Summary Details

Quick Reference

A weighted average of prices or quantities, where the weights used are proportional to the quantities or prices of the most recent period. Where pij and qij are the prices and quantities of goods i = 1, 2,…, N in period j, 0 labels the base period, and t the latest period, the current-weighted, or Paasche, price index is given by

Pc = Σipitqitipi0qit

and the current-weighted, or Paasche, quantity index is given by

Qc = Σipitqitipitqi0.

Subjects: Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.