Question

what is fixed base method​

Answer 1

Answer:

In fixed base method, a particular year is generally chosen arbitrarily and the prices of the subsequent years are expressed as relatives of the price of the base year. ... If an abnormal year is chosen as the base, the price relatives of the current year calculated on its basis would give misleading conclusions.

Explanation:

Answer 2

Answer:

In fixed base method, a particular year is generally chosen arbitrarily and the prices of the subsequent years are expressed as relatives of the price of the base year. ... If an abnormal year is chosen as the base, the price relatives of the current year calculated on its basis would give misleading conclusions.