Question

Write briefly any 4 challenges statistician faces while constructing Index Numbers. Write your answer here only, in points.​

Answer 1

Answer:

Difficulties in the Selection of the Base Period: ...

Difficulties in the Selection of Commodities: ...

Difficulties in the Collection of Prices: ...

Arbitrary Assigning of Weights: ...

Difficulty of Selecting the Method of Averaging: ...

Difficulties Arising from Changes Overtime: ...

Not All Purpose: ...

International Comparisons not Possible: