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What is Chain Based Index Numbers?
Calculate the area of RECTANGLE ? The area of a rectangle is the amount of space taken up by a rectangle, which is a two-dimensional shape. You find the area (A) of a recta
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How do you find the distributive property any faster?
There are k baskets and n balls. The balls are put into the baskets randomly. If k
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.
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