Question

using current year quantities as weight is known as​

Answer 1

Answer:

It is called ideal because it satisfies the time reversal and factor reversal test. In this index number the average of the base year and current year quantities are used as weights. This index number was proposed by two English economists, Marshal and Edgeworth.

Answer 2

Using current year quantities as weight is known as Paasche's formula

Explanation:

• In this index number, the combined proportions of the base year and current year are used as weights. Two English economists, Marshal and Edgeworth, suggested the index number.
• When all commodities are not of equal importance, we add weight to each commodity according to its significance and the index number determined from those weights is considered a weighted index number.
• The amounts of the base year are used as weights in this index number, so it's often called the weighted index for the base year.

Learn more about weighted index number

Difference between simple and weighted index numbers

https://brainly.in/question/13465681

Laspeyers method of weighted index numbers

https://brainly.in/question/2757478