Economy, asked by hamanta123, 1 year ago

what is splicing index number?

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Answers

Answered by Shriabhi344

Definition: In an index number it may become necessary at certain times to make provision for the appearance of new items or the disappearance of items previously in use, e.g. in price index numbers, when commodities go off the market. The method of affecting the change is known as splicing.

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Answered by SwapnilRao

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SwapnilRao: Definition: In an index number it may become necessary at certain times to make provision for the appearance of new items or the disappearance of items previously in use, e.g. in price index numbers, when commodities go off the market. The method of affecting the change is known as splicing.

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