Question

Explain ‘Choice of average’ as an issue in construction of index numbers

Answer 1

⚠️ur answere ⚠️

6. Choice of an average: For constructing an index number any average can be used. 7. System of weighing : In order to give each commodity a reasonable importance, appropriate weights should be assigned.

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Answer 2

Answer:

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Choice of an average: For constructing an index number any average can be used. 7. System of weighing : In order to give each commodity a reasonable importance, appropriate weights should be assigned.

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