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What is chain based method of analysis in statistics?

Chain Base MethodIn this method, there is no fixed base period. The year immediately preceding the one for which price index have to be calculated is assumed as the base year. Thus, for the year1994 the base year would be 1993, for 1993 it would be 1992 for 1992 it would be 1991 and so on. In his way there is no fixed base. It goes on changing. The chief advantage of this method is that the price relatives of a year can be compared with the price level of the immediately preceding year. Businessmen mostly interested in comparison of this type rather than in comparison relating to distant past. Yet another advantage of the chain base method is that it is possible to include new items in an index number or to delete old times which are no more important. In fixed base method it is not possible. But chain base method has drawback that comparison cannot be made over a long period.In Chain Base,Link relative of current yearsor


How do you solve a fixed cost problem?

Fixed Cost Problem is a kind of the Mixed Linear Programming Problem(MILP).Also, MILP is a Parametric Quadratic Concave Programming Problem. The optimal solution is existence of vertix set of the domain set. Then, you can use the domain cutting method.


What are fixed annuity rates?

Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs. Fixed annuities can be deferred or immediate. The deferred variety accumulate regular rates of interest and the immediate kind make fixed payments - determined by your age and size of your annuity - during retirement. The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income.


What advantage does the potentiometer method have over the fixed resistor method for voltage dividing?

Resistors with precise resistances _could_ be used in the voltage divider to assure a precise voltage. However, these are more expensive. The same results can be achieved using a potentiometer because it can be adjusted to allow for minor imperfections in it.


Rules of constant proportion?

Proust's law of constant proportions states that a given chemical compound always contains its component elements in fixed ratio (by weight). The ratio does not depend on its source and method of preparation.

Related Questions

What does factory mean?

a manufacturing method for a standardized product or products in which fixed capitail3.3....


What do you use to test your idea and find out if your explanation are correct?

There is no fixed way of doing this. You have to devise an experiment (method of testing) that relates to that which is being studied.


What do you use to test your ideas and find out if your explanations are correct?

There is no fixed way of doing this. You have to devise an experiment (method of testing) that relates to that which is being studied.


What is High-low method of variable cost and fixed cost?

High and low method is the method for separating fixed cost and variable cost from mixed cost.


What is one word for in a fixed manner?

Method?


What is fix in java?

fixed method means is one which cannot be overridden by a subclass. A fixed method can be declared by prefixing the word-final before a method. We can use the keyword final to donate a constant.


How can cutting down trees be fixed?

it could get fixed by using other things to build things


When the variable costing method is used how does fixed factory overhead appear on the income statement?

fixed expense


Is it depreciation variable cost or fixed cost?

depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.


Does copyright protect what you are doing?

If you are creating original things--music, sculpture, poetry, photographs--your work is automatically protected by copyright as soon as it is fixed in a tangible medium.


Why a fixed cost is said to be fixed?

those are the things that remain constant.


When sales and cost is given how to calculate fixed cost?

1. Following are the methods to find fixed and variable costs if sales and cost is provided: 1 - High Low Method 2 - Scattered Diagram method 3 - Regression analysis method