Question

When the values in a series are not of equal
importance, we calculate the:​

Answer 1

Answer:

all the values are not of equal importance the index number is called : Weighted

⇒ The ratio of the sum of weighted prices of current and base time periods multiplied by 100 is called weighted aggregate price index.

⇒ This index is calculated after allocating weight to each commodity on the basis of their relative importance.

⇒ Weight of these commodities are then multiplied by the prices of base and current time periods. these prices are called weighted price.

Explanation:

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