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What is Chain Based Index Numbers?
#question.
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Calculate 50%
Aaron is installing a ceiling fan in his bedroom. Once the fan is in motion, he requires to know the area the fan will wrap. What formula will he use? The area of a circle is π
f(x)=ex -3x
how to multiply 8654.36*59
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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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