Marshall-Edgeworth Index

The statistical Index

$$P_{\it ME}\equiv {\sum p_n(q_0+q_n)\over\sum (v_0+v_n)},$$

where $p_n$ is the price per unit in period $n$, $q_n$ is the quantity produced in period $n$, and $v_n\equiv p_nq_n$ is the value of the $n$ units.

See also Index

References

Kenney, J. F. and Keeping, E. S. Mathematics of Statistics, Pt. 1, 3rd ed. Princeton, NJ: Van Nostrand, pp. 66-67, 1962.