Question: Section C: Forecasting Techniques (Total marks: 33 marks) Question 10 (6 marks) The following table shows average daily wage (in $) and retail price index

Section C: Forecasting Techniques (Total marks: 33 marks) Question 10 (6 marks) The following table shows average daily wage (in $) and retail price index for the four consecutive months: Month 2 3 4. Average daily wage ($) 20.00 22.00 19.80 20.79 Retail Price Index 105.0 110.0 95.0 115.0 Required: Find the Index Numbers with the base (month 1 = 100) in real value terms

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