Question

54. Index numbers can be used for:
(A) Forecasting
(B) Fixed prices
(C) Different price
(D) Constant prices​

Answer 1

Answer:

Forecasting

Explanation:

The primary purposes of an index number are to provide a value useful for comparing magnitudes of aggregates of related variables to each other, and to measure the changes in these magnitudes over time. Consequently, many different index numbers have been developed for special use.

Answer 2

Answer:

Index numbers can be used for different price