Conversion of fixed base index numbers into chain base index numbers
Year | Index |
2008-09 | 134.8 |
2009-10 | 115.28 |
2010-11 | 115.57 |
2011-12 | 107.29 |
2012-13 | 109.91 |
2013-14 | 112.80 |
2014-15 | 106.24 |
2015-16 | 102.48 |
Solution:Conversion of fixed base index numbers into chain base index numbers :Since base year is not mentioned here, So we will take 100 as the chain base index number for first year
Chain base index number=Fixed base index number of current yearFixed base index number of preceding year×100Year | Fixed base index number | Chain base index number |
2008-09 | 134.8 | =100 |
2009-10 | 115.28 | 115.28134.8×100=85.5193 |
2010-11 | 115.57 | 115.57115.28×100=100.2516 |
2011-12 | 107.29 | 107.29115.57×100=92.8355 |
2012-13 | 109.91 | 109.91107.29×100=102.442 |
2013-14 | 112.8 | 112.8109.91×100=102.6294 |
2014-15 | 106.24 | 106.24112.8×100=94.1844 |
2015-16 | 102.48 | 102.48106.24×100=96.4608 |
This material is intended as a summary. Use your textbook for detail explanation.
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