INDEX NUMBER ANALYSIS ON FOODSTUFF FROM 2001-2010 (A CASE STUDY OF MINISTRY OF FINANCE, BUDGET AND ECONOMIC PLANNING IBADAN SECRETARIAT (AGRIC SECTION) (STATISTICS PROJECT TOPICS AND MATERIALS)
ABSTRACT
            This project is based on price and quantity indices of some common food items products between 2001-2010. It covered the sales of the Ministry of finance, Budget and Economic planning Ibadan secretariat (Agric section).
            The method used to compute the data is index number and some of the various methods is among unweighted and weighted index. Unweighted comprises of simple relative indices, simple mean relative indices simple Aggregate indices, simple relative indices simple relative aggregate quantity index while weighted index are laspayee index, paache index, fishers ideal index and marshal Edgworth indices.
            It is observed that index number decrease for some period of time and increase for some period of time form 2001-2010 the critical observation shown form the hypothetical table. Thus reading through this write up, one will be enlighted more on how research is been carried out using index number analysis.
CHAPTER ONE
1.0Â Â Â Â Â Â Â INTRODUCTION
            Many Authors has defined index number with various terms. The most acceptable definition of index is defined by a West African author.
            Index number is a statistical device used to measure change in price, quality or value of a groups of related items over a period of time.
            Index number over years from difference organization such as central bank of Nigeria, commercial bank and publication of the federal office of statistics and other official statistics is sometimes called an index series.
            The concept of index number relating to price and quantity index of some common food items could be classified into price quantity indices measure changes in price level and quantity of related items respectively, value index on the other hand, measure simultaneous changes in price and quantity of the items over a period of time.
            Moreover, index number is a good measurement of price and quantity when goods or commodity is purchase by buyers and sellers. It was discovered that index number compared the price of base and current year. Base year quantity denoted by Pn. For easier identification.
