In the concept of base shifting, by which common factor are old index numbers multiplied in order to obtain new index numbers?
100 / index number of new base year
In the concept of base shifting, the common factor is the index number of the new base year, and it is multiplied by the old index numbers to obtain the new index numbers.
Similar Questions
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Important Questions from Statistical Analysis
Using usual notations, the logistic curve that is known as Pearl-Reed curve and used as a measurement of the secular trend is given by:
Using usual notations, the cost of living index in terms of weights is calculated by:
If Laspeyres’ index is 119.4 and Paasche’s index number is 118.7, then Fisher’s ideal index number is:
If p0 and p1 denote the prices for base and current period and q0 and q1 denote the quantities for base and current period, then Paasche’s index number is given by:
For the period 2016-2020, the quarterly averages of prices of a certain commodity are 3.8, 4.25, 3.85, and 4.35. The seasonal index for the second quarter is equal to:
