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Home > Statistical Methods calculators > Fixed base method and Chain base method example
1. Fixed base method and Chain base method example ( Enter your problem )
( Enter your problem )
  1. index number using Fixed base method by taking base year 2005 Example-1
  2. index number using Fixed base method by taking average of years 2010,2011 Example-2
  3. index number using Chain base method Example-3
  4. Example-4
  5. Example-5
  6. Example-6
 		Other related methods
  1. Fixed base method and Chain base method
  2. Unweighted Index Number
  3. Fixed base method and Chain base method for bivariate grouped data
  4. Conversion of fixed base index numbers into chain base index numbers
  5. Weighted Index Numbers
  6. Weighted average method
  7. Cost of living Index number
1. index number using Fixed base method by taking base year 2005 Example-1
(Previous example)		3. index number using Chain base method Example-3
(Next example)

2. index number using Fixed base method by taking average of years 2010,2011 Example-2


Find index number using Fixed base method by taking average of years 2010,2011
YearPrice
2008186
2009196
2010202
2011214
2012229
2013216
2014226
2015230


Solution:
1. Fixed base method by taking average of years :

Average price for year `2010,2011` `=(202+214)/2=208`

`"Index Number I"=("Price of current year")/("Average base price") xx 100`


YearPriceIndex number by taking
average of price in year `2010,2011`

`=(202+214)/2=208`
as base year price
2008186`186/208 xx 100=89.42`
2009196`196/208 xx 100=94.23`
2010202`202/208 xx 100=97.12`
2011214`214/208 xx 100=102.88`
2012229`229/208 xx 100=110.1`
2013216`216/208 xx 100=103.85`
2014226`226/208 xx 100=108.65`
2015230`230/208 xx 100=110.58`


This material is intended as a summary. Use your textbook for detail explanation.
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1. index number using Fixed base method by taking base year 2005 Example-1
(Previous example)		3. index number using Chain base method Example-3
(Next example)


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