SCENARIO 16-17
Given Below Are the Prices of a Basket

question 213

Short Answer

SCENARIO 16-17
Given below are the prices of a basket of four food items from 2008 to 2012. $$\begin{array} { c r r r r } \hline \text { Year } & \text { Wheat(\$/Bushel) } & \text { Corn(\$/Bushel) } & \text { Soybeans(\$/Bushel) } & \text { Milk(\$/hundredweight) } \\\hline 2008 & 4.25 & 3.71 & 7.41 & 15.03 \\2009 & 3.43 & 2.7 & 7.55 & 13.63 \\2010 & 2.63 & 2.3 & 6.05 & 15.18 \\2011 & 2.11 & 1.97 & 4.68 & 14.72 \\2012 & 2.16 & 1.9 & 4.81 & 12.32\end{array}$$
-Referring to Scenario 16-17, what are the simple price indices for wheat, corn, soybeans and
milk, respectively, in 2009 using 2012 as the base year?

---

Definitions:

Common Risks

General risks that are frequently encountered by individuals or organizations across various sectors, such as financial, operational, or reputational risks.

Portfolio Analysis

The process of evaluating and managing a collection of investments to meet specific financial objectives.

Program Strategies

Approaches designed to achieve specific goals within an organization or initiative.

Strategic Planning Model

A systematic process used by organizations to envision a desired future and translate this vision into broadly defined goals and a sequence of steps to achieve them.