difference between simple and weighted index number
Dear Student,
Answer to your question is as follows :
In Simple Index Numbers, all items of the series are treated as of equal importance
whereas
in Weighted Index Numbers, weights are accorded to different items depending on their relative importance.
Regards
Answer to your question is as follows :
In Simple Index Numbers, all items of the series are treated as of equal importance
whereas
in Weighted Index Numbers, weights are accorded to different items depending on their relative importance.
Regards