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The video tutorial discusses the concept of quantity index, as a continuation of previous discussions on price index using the weighted method. In this session, the presenter goes over the formula for calculating the quantity index based on given information about commodity prices and quantities. The video aims to help viewers understand how to calculate the next number in a statistical series using these methods. It emphasizes the importance of recalling and understanding the formulas used for price index calculations before proceeding with quantity index calculations.
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