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.
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.
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