Chain base index numbers compare each period with: MCQ with Answer and Explanation

Chain base index numbers compare each period with:
A. A fixed base period
B. The immediately preceding period
C. An average period
D. The first period
Answer: Option B
Solution (By JKExamLibrary)
Chain base indices use link relatives, where each period is the base for the next.

This question belongs to: Accountancy and Statistics Statistics

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