What is chain based index numbers?, Mathematics

Assignment Help:

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

                64_What is Chain Based Index Numbers.png


Related Discussions:- What is chain based index numbers?

Working definition of continuity , "Working" definition of continuity ...

"Working" definition of continuity A function is continuous in an interval if we can draw the graph from beginning point to finish point without ever once picking up our penci

Confidence interval, Confidence Interval The interval estimate or a 'co...

Confidence Interval The interval estimate or a 'confidence interval' consists of a range as an upper confidence limit and lower confidence limit whether we are confident that a

What is slope of a line, What is Slope of a Line ? A line can have a "...

What is Slope of a Line ? A line can have a "steep" slope or a "gradual" slope. slope = rise/run The "rise" is the distance going up or down. The "run" is the distance goin

How to dealing with exponents on negative bases, How to Dealing With Expone...

How to Dealing With Exponents on Negative Bases ? Exponents work just the same way on negative bases as they do on positive ones: (-2)0 = 1 Any number (except 0) raised to the

Addition of unlike terms, In this case, the first point we have to re...

In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob

Tchebyshev distance, Tchebyshev Distance (Maximum Travel Distance per Trip ...

Tchebyshev Distance (Maximum Travel Distance per Trip Using Rectilinear Distance): It can be calculated by using following formula: d(X, Pi) = max{|x - ai|, |y - bi|} (Source

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd