A special-purpose index is to be designed to monitor the overall economy of the Southwest. Four key
Question:
A special-purpose index is to be designed to monitor the overall economy of the Southwest. Four key series were selected. After considerable deliberation, it was decided to weight retail sales 20%, total bank deposits 10%, industrial production in the area 40%, and nonagricultural employment 30%. The data for 1996 and 2013 are:
Construct a special-purpose index for 2013 using 1996 as the base period andinterpret.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
Question Posted: