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Fisher Price Index Formula

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Fisher Price Index is a measure of the average level of prices for a specified set of goods and services over a period of time. Check FAQs

FPI = \sqrt{LPI \cdot PPI}

FPI - Fisher Price Index?LPI - Laspeyres Price Index?PPI - Paasche Price Index?

Fisher Price Index Example

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Here is how the Fisher Price Index equation looks like with Values.

Here is how the Fisher Price Index equation looks like with Units.

Here is how the Fisher Price Index equation looks like.

402.4922 = \sqrt{405 \cdot 400}

402.4922 = \sqrt{405 \cdot 400}

402.4922 = \sqrt{405 \cdot 400}

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Fisher Price Index Solution

Follow our step by step solution on how to calculate Fisher Price Index?

FIRST Step Consider the formula

FPI = \sqrt{LPI \cdot PPI}

Next Step Substitute values of Variables

∴

FPI = \sqrt{405 \cdot 400}

Next Step Prepare to Evaluate

∴

FPI = \sqrt{405 \cdot 400}

Next Step Evaluate

∴

FPI = 402.492235949962

LAST Step Rounding Answer

∴

FPI = 402.4922

Fisher Price Index Formula Elements

Variables

Functions

Fisher Price Index

Fisher Price Index is a measure of the average level of prices for a specified set of goods and services over a period of time.

Symbol: FPI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Fisher Price Index

Laspeyres Price Index

Laspeyres Price Index is a measure used in economics to calculate the average change in the price of a fixed basket of goods and services between two periods.

Symbol: LPI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Laspeyres Price Index

Paasche Price Index

Paasche Price Index is used to measure the average change in the prices of a basket of goods and services between two periods.

Symbol: PPI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Paasche Price Index

sqrt

A square root function is a function that takes a non-negative number as an input and returns the square root of the given input number.

Syntax: sqrt(Number)

Other formulas in Equity category

Go Maximum Leverage Ratio

MLR = \frac{1}{IMR}

Go Margin Call Price

MCP = P 0 \cdot (\frac{1 - IMR}{1 - MMR})

Go Marshall-Edgeworth Price Index

MEI = \frac{LPI + PPI}{2}

Go Laspeyres Price Index

LPI = (\frac{\sum (x, 1, 2, (Pi F \cdot Qi B))}{\sum (x, 1, 2, (Pi B \cdot Qi B))}) \cdot 100

How to Evaluate Fisher Price Index?

Fisher Price Index evaluator uses Fisher Price Index = sqrt(Laspeyres Price Index*Paasche Price Index) to evaluate the Fisher Price Index, The Fisher Price Index formula is defined as a method used to calculate a price index that takes into account both the Laspeyres and Paasche indexes, addressing their respective biases. Fisher Price Index is denoted by FPI symbol.

How to evaluate Fisher Price Index using this online evaluator? To use this online evaluator for Fisher Price Index, enter Laspeyres Price Index (LPI) & Paasche Price Index (PPI) and hit the calculate button.

FAQs on Fisher Price Index

What is the formula to find Fisher Price Index?

The formula of Fisher Price Index is expressed as Fisher Price Index = sqrt(Laspeyres Price Index*Paasche Price Index). Here is an example- 402.4922 = sqrt(405*400).

How to calculate Fisher Price Index?

With Laspeyres Price Index (LPI) & Paasche Price Index (PPI) we can find Fisher Price Index using the formula - Fisher Price Index = sqrt(Laspeyres Price Index*Paasche Price Index). This formula also uses Square Root (sqrt) function(s).

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Fisher Price Index Formula

Fisher Price Index Example

Fisher Price Index Solution

Fisher Price Index Formula Elements

Other formulas in Equity category

How to Evaluate Fisher Price Index?

FAQs on Fisher Price Index

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