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? 1998

Construct a chain index from the following data series:

1998 1999 2000 2001 2002 2003 2004 Series 1 100 110 115 122 125 Series 2 100 107 111 119 121


What problems arise in devising such an index and how do you deal with them?

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 full answer

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