Shifting from Fixed to chain base
As discussed earlier, conditions change over a period due to revised weightings system, inclusion of new items and disappearance of old ones etc. Due to all these factors, sometimes it is necessary to convert the indices from fixed base to chain base. This can be explained with the help of following problem.
Problem: Convert the following indexes with base 1980 to chain indexes.
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Thanks alot for given example which is very useful for me and i can understand eaisly.
thx easy to understand!!!
thanx for this interesting and educating work.
Thanx for useful example.
How do we shift from quarterly chain base index (y-o-y) to quarterly chain base index?
thanks so much this is indeed very helpful. can you also share an example on how to compute the levels of chained volume to fixed base year?
On what grounds or reasons, we select a base?