Question

Difference between simple and weighted index numbers

Answer 1

Answer:

In the simple index number all items of the series are treated as of equal importance. In the weighted index, weights are accorded to different items depending on their relative importance.

Answer 2

Answer:

In simple index numbers only prices are taken into account where consumption pattern of different items is assumed to be same.... ... Therefore, in weighted index numbers weights are used

In the simple index number all items of the series are treated as of equal importance. In the weighted index, weights are accorded to different items depending on their relative importance

mark this as brainliest