The table presents two price index series, one with 2006 = 100 for the period 2006 to

Question:

The table presents two price index series, one with 2006 = 100 for the period 2006 to 2014 and the other with 2014 = 100 for the period 2014 to 2020. Construct a single series for the period 2006 to 2020, using 2014 as the base year. How much have prices risen during this period?

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Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

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Question Posted: Jan 21, 2020 01:27 PM

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The table presents two price index series, one with 2006 = 100 for the period 2006 to

Question:

Series 1 (2006 = 100) Series 2 (2014= 100) Year 2006 100.0 2007 103.0 108.1 2008 2009 110.0 2010 117.2 2011 120.1 2012 122.0 2013 122.5 100.0 2014 130.5 2015 104.3 2016 106.5 2017 110.0 2018 112.9 2019 118.5 2020 120.5

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Since the series overlap in 2014 multiply each index number in the old series by Year Series 1 S...View the full answer

Business Analytics And Statistics

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