Question

discuss various methods for construction of index number​

Answer 1

Explanation:

Methods of Construction of Index Number:

Purpose of the Index Number:

Selection of Commodities:

Selection of Prices:

Selection of an Average:

Selection of Weights:

Selection of the Base Period:

Selection of Formula:

hope it helps you friend

Answer 2

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In general, construction of index number is further available for the division in two parts: Simple and Weighted. Furthermore, the simple method is classified into simple aggregative and simple relative. Similarly, the weighted method is classified into weighted aggregative and weighted average or relative.

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