In March 2023 the consumer price index (CPI) of a country with a 1982 base index of 100 was 234.7. This means the cost of purchasing the market basket of goods and services:
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2 marksStatisticsIndex numbers and time-series basicsProperties and tests of index numbersModerateabout 1 min
UGC-NET 2023 Question 18: Index numbers and time-series basics
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Index numbers and time-series basics has come up 25 times in 6 exams since 2006.
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This question is on Properties and tests of index numbers, part of Index numbers and time-series basics in Statistics.
Checking an index against desirable properties and comparing the main indices.
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