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What is Chain Based Index Numbers?
algorithm and numerical examples of least cost method
Retail price index This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transp
a mixture of 40 liters of milk and water contains 10% water.how much water should be added to this so that water my be 20% in the new mixture
to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?
a computerized payroll package and its cost,futures and the size of the business and how business mathematics is an inbuilt component of the package
A sphere and a cube have equal surface areas. Show that the ratio of the volume of the sphere to that of the cube is √6 : √π. Ans: S.A. of sphere = S.A of cube 4π r 2
Levels of significance A level of significance is a probability value which is utilized when conducting tests of hypothesis. A level of significance is mostly the probability
Define Markov chain Random processes with Markov property which takes separate values, whether t is discrete or continuous, are known as Markov chains.
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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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