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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
MAXIMAX method Maximax method is based upon 'extreme optimism' the decision maker chooses that particular strategy which corresponds to the maximum of the maximum pay off for e
Core concept of marketing
Method of cylinders or method of shells The formula for the area in all of the cases will be, A = 2 ∏ ( radius ) (heig
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A cylindrical vessel of diameter 14 cm and height 42 cm is fixed symmetrically inside a similar vessel of diameter 16 cm and height 42 cm. The total space between two vessels is fi
The base and corresponding altitude of a parallelogram are 10 cm and 12 cm reap. If the other altitude is 8 cm , find the length of the other pair of parallel side
Aim: To test the significant relationship between the accounting ratios of operating management and standard ideal ratios. Null Hypothesis(H 0 ) : There is no significa
Negative Skewness It is an asymmetrical curve whether the long tail extends to the left NB: In developed countries this frequency curve for the age distribution is charact
The mode - It is one of the measures of central tendency. The mode is defined as a value in a frequency distribution that has the highest frequency. Occasionally a single valu
A group of 5 people are going to meet weekly at the library for 4 weeks. Every week, two people are selected at random to speak. Every person may speak in multiple weeks, but no pa
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