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What is Chain Based Index Numbers?
Here we have focussed on how mathematics learning can be made meaningful for primary school children. We have done this through examples of how children learn and how we can create
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Find the lesser of two consecutive positive even integers whose product is 168. Let x = the lesser even integer and let x + 2 = the greater even integer. Because product is a k
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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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