Question

1. Which method is useful to compare the long term variations in the value

of a variable.


a. Chain base method

b. Laspeyre’s Method

c. Fix base method

d. Paasche’s method​

Answer 1

Answer:

The coefficient of variation represents the ratio of the standard deviation to the mean, and it is a useful statistic for comparing the degree of variation from one data series to another, even if the means are drastically different from one another.

Chain base method