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What is Chain Based Index Numbers?
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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450 girls were surveyed about their favorite sport, 24% said in which basketball is their favorite sport, 13% said in which ice hockey is their favorite sport, and 41% said which s
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which ratio is largar. 1. 15:16 or 24:25
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