Which formula uses the arithmetic mean of base and current year quantities as weights? MCQ with Answer and Explanation

Which formula uses the arithmetic mean of base and current year quantities as weights?
A. Dorbish-Bowley
B. Laspeyres
C. Marshall-Edgeworth
D. Paasche
Answer: Option C
Solution (By JKExamLibrary)
Marshall-Edgeworth uses the sum (or arithmetic average) of quantities from both years: w = (q0 + q1).

This question belongs to: Accountancy and Statistics Statistics

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