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What is Chain Based Index Numbers?
Define an ordered rooted tree. Cite any two applications of the tree structure, also illustrate using an example each the purpose of the usage. Ans: A tree is a graph like t
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Computation method Whereas L = Lower class boundary of the class having the mode f 0 = Frequency of the class below the modal class
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Convert or Reduce Reduce 4,500 micrograms to grams
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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