WebMar 12, 2012 · What is chain based method of analysis in statistics? Chain Base MethodIn this method, there is no fixed base period. The year immediately preceding the one for which price index have to be calculated is assumed as the base year. Thus, for the year1994 the base year would be 1993, for 1993 it would be 1992 for 1992 it would be … WebAug 12, 2024 · It’s formula is as follows : Chain base index number = V alue of the variable in the current period V alue of the variable in the preceding period × 100 = V a l u e o f t h e v a r i a b l e i n t h e c u r r e n t p e r i o d V a l u e o f t h e v a r i a b l e i n t h e p r e c e d i n g p e r i o d × 100 ← Prev Question Next Question →
Quantitative Aptitude & Business Statistics INDEX NUMBERS
WebMath Statistics From the fixed base index numbers given below, prepare chain base index numbers taking 1990 as base year. Years 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Fixed indices 120 116 120 120 137 136 149 156 137 162 149 From the fixed base index numbers given below, prepare chain base index numbers taking … WebIn constructing an index number, the following steps should be noted: 1. Purpose of the Index Number: ADVERTISEMENTS: Before constructing an index number, it should be decided the purpose for which it is needed. An index number constructed for one category or purpose cannot be used for others. personal products vending condoms or medicine
time series - How to work with index numbers? - Cross Validated
WebJun 25, 2024 · Chain Base: If the comparison is a required year on year, a system of chain base is used. Selection of goods and services (Commodities): After the objective of … WebDec 11, 2024 · GDP growth Chain base method GDP numbers fixed base method GDP estimate chain base mechanism (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times .) Download The Economic Times News App to get Daily Market Updates & Live Business News. ...more Top Trending News WebChain-Base Index Numbers, Business Mathematics and Statistics Download Example 8: From the following data find the index numbers by taking (1) 2005 as base (ii) by chain … stand in the gap petra lyrics