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What is Chain Based Index Numbers?
if one side of a square is increased 4 inches and an adjacement side is multiplied by 4, the perimeter of the resulting rectangle is 3 times the perimeter of the square. find the s
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julie has 3 hats and 5 scarves. How many ways can she wear a hat and a scarf?
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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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