+3 votes
in Class 12 by kratos

Explain brielfy the steps involved in the construction of price Index number.

1 Answer

+2 votes
by kratos
 
Best answer

The following are the steps/stages/principles/Heads involved:-

  1. Purpose and the scope

  2. Selection of base **

  3. Selection of commodities or itsm

  4. Selection of price list

  5. Selection an average Selection of weights 6. Selection of formula

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