Paascheútreikningum
Paascheútreikningum, often referred to as Paasche indices or Paasche quantities, are a type of index number used in economics and statistics to measure changes in aggregate values over time. They are named after German statistician Hermann Paasche. The defining characteristic of a Paasche index is that it uses current period quantities as weights when calculating the index. This means that the quantities of goods or services consumed or produced in the most recent period are used to determine the relative importance of each item in the index.
In contrast to Laspeyres indices, which use base period quantities as weights, Paasche indices reflect the
The main advantage of Paasche indices is their ability to accurately reflect current consumption or production