Question

how can index numbers can be classified as

Answer 1

Answer:

Answer: Index number may be classified in terms of what they measure. In economic and business the classifications are: (1) price; (2) quantity; (3) value; and (4) special purpose. Only price and quantity index numbers are discussed in detail.

Answer 2

Answer:

Index number may be classified in terms of what they measure. In economic and business the classifications are: (1) price; (2) quantity; (3) value; and (4) special purpose. Only price and quantity index numbers are discussed in detail.