Question

In most of the weighted index numbers the weight pertains to (1) base year (ii) current year (iii) both base and current year​

Answer 1

Answer:

A base year is the first of a series of years in an economic or financial index. It is typically set to an arbitrary level of 100. New, up-to-date base years are periodically introduced to keep data current in a particular index. Any year can serve as a base year, but analysts typically choose recent years.