Statements that apply to weighted index numbers. Every commodity is given equal importance. It assigns suitable 'weights' to various commodities. In most cases, quantities are used as weights. Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.

English

Statements that apply to weighted index numbers. a. Every commodity is given equal importance. b. It assigns suitable 'weights' to various commodities. c. In most cases - Economics

Statements that apply to weighted index numbers.

Every commodity is given equal importance.
It assigns suitable 'weights' to various commodities.
In most cases, quantities are used as weights.
Laaspeyre's and Paasche's method is used in the calculation of weighted index numbers.

MCQ

b, c and d

shaalaa.com

Is there an error in this question or solution?

Chapter 6: Index Numbers - EXERCISE [Page 59]

Chapter 6 Index Numbers
EXERCISE | Q 1. 3) | Page 59

Notifications