How to Choose a Base Year in Index Numbers 12th Math Stats

Discover the methods to choose a base year in Index Numbers, a crucial topic for 12th-grade Mathematics and Statistics students. This video explains both the Fixed Base Method and the Chain Base Method, detailing how each can be used based on analysis requirements. The question addressed is: Which of the following methods can be used to choose a base year? The options are Fixed base method only, Chain base method only, Both fixed base and chain base methods, Neither fixed base nor chain base methods. Learn the correct approach to selecting a base year for accurate data analysis over time. Perfect for students aiming to excel in their studies and understand the practical applications of these methods.

Standard: 12th
Subject: Mathematics & Statistics
Medium: English

Chapter: Index numbers
Chapter Number: 5
Book Page: 72

Difficulty: medium

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Видео How to Choose a Base Year in Index Numbers 12th Math Stats канала VedSquare