1. Why are index numbers necessary? Why cant we compare raw numbers directly with each other? 2....
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1. Why are index numbers necessary? Why can’t we compare raw numbers directly with each other?
2. How do unweighted aggregate price index numbers differ from weighted aggregate price index numbers?
3. Why do weighted aggregate price index numbers provide a more realistic picture than unweighted aggregate price index numbers? Give an example to explain your answer.
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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