Construct a chain index from the following data series: What problems arise in devising such an index
Question:
Construct a chain index from the following data series:
What problems arise in devising such an index and how do you deal with them?
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1998 1999 2000 2001 2002 2003 2004 Series 1 100 110 115 122 125 Series 2 100 107 111 119 121
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ANSWER To construct a chain index we need to compare the current periods prices or quantities to the ...View the full answer
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Related Book For
Statistics For Economics Accounting And Business Studies
ISBN: 978027368308
4th Edition
Authors: Michael Barrow
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