Answer to Question #200979 in Math for mandona

Question

What is an index number? 2. Explain what 퐼1985/1983 means. 3. What is price relative? 4. What is the difference between fixe base and chain base relatives? 5. Under what conditions would chain base, rather than fixed base, relatives be more suitable for describing a commodity over time? 6. Give two reasons for changing the base of a time series of relatives? 7. What is meant by the real value of a commodity and what place does an indicator variable have in tits measurement? 8. Name two standard indicator index number series. 9. What is time series deflation?

Answer 1

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