What are the various methods of constructing index numbers?
What are the various methods of constructing index numbers?
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Methods of Construction of Index Number:
Purpose of the Index Number: ADVERTISEMENTS
Selection of Commodities: Commodities to be selected depend upon the purpose or objective of the index number to be constructed.
Selection of Prices: ADVERTISEMENTS:
Selection of an Average:
Selection of Weights:
Selection of the Base Period:
Selection of Formula