Statistical Tools and Interpretation · Quantitative Methods

Correlation and Index Numbers

Examining the relationship between variables and calculating price indices like the Consumer Price Index.

Key Questions

  1. 1Does a correlation between education and income imply causation?
  2. 2How do index numbers help us compare the standard of living across different decades?
  3. 3What incentives drive the selection of items included in a price index basket?

CBSE Learning Outcomes

CBSE: Correlation and Index Numbers - Class 11
Class: Class 11
Subject: Economics
Unit: Statistical Tools and Interpretation
Period: Quantitative Methods

Suggested Methodologies

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