Pages

Ads 468x60px

Featured Posts

Tuesday, September 25, 2012

Represents a Market


The industrial product group is listed here - Industrial Paints MRO – it represents a market in 2009 of $X.XX billion, according to the estimates presented by the Industrial Market Information, Minneapolis. These charts mentioned here show the top ten industries, by SIC code, consuming all of these products; and the 2009 end-user consumption of these groups were sorted by the nine government market regions.

Calculation of average prices

Average prices are developed using the below formula:

where:
I = Volumetric Weighted Average Index Price,
P = price or premium of individual transaction,
V = volume of individual transaction,
∑(P●V) = sum of each transaction's price multiplied by its volume,
T = total volume of all qualifying transactions.