Weighted Index number can be classified into _________ categories?
Correct answer: D. Two
- A. Four
- B. Three
- C. Five
- D. Two
Explanation
Weighted index numbers are commonly divided into two main categories: weighted aggregative indices and weighted average-of-price-relatives indices. Therefore, the number of categories is two.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Index Numbers and Time Series
34 free Index Numbers and Time Series MCQs from Statistics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Statistics questions like this
Statistics is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Index Numbers and Time Series questions
Price in proceeding year used in the method is called __________?
Measure the change in quantity of goods are called ________________?
1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
Ratio between given year and base year is called __________ in percentage?
An Index Number calculated for more than one items is called ___________?
The index numbers are used to measure seasonal and cyclical variations in __________?