Question

short notes on splicing for business

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Answer 1

Sometimes the construction of an index number series is discontinued for the reason of its base becoming too old. A new set of index

numbers may be computed with some recent year as the base. It may be desired to connect the new indices with the old ones. The statistical procedure which connects an old index number series with a new one is called splicing.

Answer 2

Explanation:

Sometimes the construction of an index number series is discontinued for the reason of its base becoming too old. A new set of index

numbers may be computed with some recent year as the base. It may be desired to connect the new indices with the old ones. The statistical procedure which connects an old index number series with a new one is called splicing.

Splicing

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