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Term
Index number, Laspeyres's
Description A form of index number where prices, quantities or other units of measure over time are weighted according to their values in a specified base period. (Kendall and Buckland, 1982)
Source Kendall, Sir Maurice G., and William R. Buckland for the International Statistical Institute (1982). A Dictionary of Statistical Terms, Fourth Edition (London, Longman Group).
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