Composite index numbers are used to
A. combine information from several years.
B. combine information from several locations.
C. combine information from several variables.
D. none of the above.

Question

06-06-2024
Mathematics

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Composite index numbers are used to
A. combine information from several years.
B. combine information from several locations.
C. combine information from several variables.
D. none of the above.

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-06T12:31:22-04:00

Final answer:

Composite index numbers combine information from several variables to simplify analysis.

Explanation:

Composite index numbers are used to combine information from several variables. These index numbers help in summarizing data from multiple sources into a single value for easier comparison and analysis. An example of this is the Consumer Price Index that combines various price data into a single index for measuring inflation.

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