What is Chain Based Index Numbers?

A chain based index is one whereas the index is calculated every year by using the previous year as the base year. This kind of index measures rate of change from year to year.

This method is appropriate where weights are changing rapidly and items are constantly being brought into the index and unwanted items taken out. This can be a quantity or price index

               

Posted Date: 2/18/2013 2:23:52 AM | Location : United States

Ask an Expert

Related Discussions:- What is chain based index numbers?, Assignment Help, Ask Question on What is chain based index numbers?, Get Answer, Expert's Help, What is chain based index numbers? Discussions

Write discussion on What is chain based index numbers?
Your posts are moderated

Write your message here..

Related Questions

Compound Interest, How do you calculate compound interest How do you calculate compound interest

Evaluate the volume of a ball, Evaluate the volume of a ball whose radius i... Evaluate the volume of a ball whose radius is 4 inches? Round to the nearest inch. (π = 3.14) a. 201 in 3 b. 268 in 3 c. 804 in 3 d. 33 in 3 b. The volume of a

Combinations, 8 8

Show that the height of the opposite house, From a window x meters hi... From a window x meters high above the ground in a street, the angles of elevation and depression of the top and the foot of the other house on the opposite side of the street  are

Create a circular table with no restrictions, 1. Four different written dri... 1. Four different written driving tests are administered by a city. One of these tests is selected at random for each applicant for a drivers license. If a group of 2 women and 4 m

Positive exponents, Simplify following and write the answers with only posi... Simplify following and write the answers with only positive exponents.   (-10 z 2 y -4 ) 2 ( z 3 y ) -5 Solution    (-10 z 2 y -4 ) 2 ( z 3 y ) -5

Domain and range, Taxable income Tax rate 0 - $18,200 0% $18,201- $37,000 1... Taxable income Tax rate 0 - $18,200 0% $18,201- $37,000 19% $37,001 - $80,000 32.5% $80,001- $180,000 37% $180,001 and over 45% if this is graphed as a step fuction graph whats t

Standard deviation, Certain model of new home distributed with a mean of $1... Certain model of new home distributed with a mean of $150,000. Find percentage of buyers who paid between $150,000-155,000 if standard deviation is $1800.

Perform algebraic operation , Perform each of the following algebraic expr... Perform each of the following algebraic expression as instruction says;- I.Multiply 5x+6m+4y by5 II.Divide 4ax+6ay-10az by 2a

Fractions, kim had 1/2 an orange. she gave Linda 1/4 of this. What fraction... kim had 1/2 an orange. she gave Linda 1/4 of this. What fraction of the whole orange did Linda get?