The index numbers are used to measure seasonal and cyclical variations in __________?
Correct answer: B. Time Series
- A. Commodities
- B. Time Series
- C. Whole sale
- D. Realtives
Explanation
Seasonal and cyclical movements are components of a time series, and index-number techniques can help measure such variations. Commodities and wholesale prices are subjects that may be studied, not the statistical series itself.
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