Applied Statistics-Spectral Analysis of Weakly Stationary Process (ISS Statistics Paper III): Questions 1 - 1 of 1

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Question number: 1

» Applied Statistics » Spectral Analysis of Weakly Stationary Process

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Distinguish between fixed base and chain base methods for the construction of index numbers.

Discuss their relative merits.

Explanation

Fixed base method: In this method, the base year remains fixed for all the years of calculation. The base year price (quantity) selected may be the price of a given year or the average of prices of a given number of years. In the absence of any instruction to this… (445 more words) …

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