What are the two methods to determine the base period ?
Dear Student
Methods to determine the base period:
(a) Fixed base period: One particular year may be taken as base 100.
(b) Chain base method: Prices in one year serve as the base for the price relative in the succeeding year.
regards
Methods to determine the base period:
(a) Fixed base period: One particular year may be taken as base 100.
(b) Chain base method: Prices in one year serve as the base for the price relative in the succeeding year.
regards