For calculating the weighted index numbe

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

For calculating the weighted index numbers which of the following uses quantities consumed in the current year period as weights ?

Options:

Laspeyre's method

Paasche's method

Fisher's method

Marshall-Edgeworth method

Correct Answer:

Paasche's method

Explanation:

The correct answer is Option (2) → Paasche's method

The Paasche's Method uses quantities consumed in the current year as weights for calculating weighted index numbers.