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Chain Base Method
In 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 years
or
What else can I help you with?
In land surveying how long- in feet- is a chain?
In land surveying, a chain is traditionally 66 feet long. This measurement is based on the Gunter's chain, which consists of 100 links, each measuring 0.66 feet (or 7.92 inches). The chain is a historical tool used for measuring distances in surveying and still serves as a reference in modern practices.
What problems do you see with using the chain ratio method for predicting demand?
The chain ratio method for predicting demand can be problematic due to its reliance on several assumptions and estimates, which may lead to inaccuracies if the initial ratios are not well-founded. Additionally, it may oversimplify complex market dynamics by failing to account for external factors such as changing consumer preferences, economic conditions, or competition. Furthermore, the method can be influenced by historical data that may not accurately reflect future trends, leading to misleading forecasts.
What are the four advantages of plane table survey over chain and compass survey?
1.useful in areas which are difficult to be accesed while chain survey is limited 2.less subjective to errors,in comparison to chain survey which subjected with errors such as change in chain length 3.useful in surveying a large area since it uses transverse(taking bearing from observer to an object ana vice versa is true) 4.it is accurate method for mapping,compare to chain survey
What size is a chain for a 125?
The size of a chain for a 125cc motorcycle typically refers to the pitch and width of the chain, which is commonly 420 or 428. The specific size can vary based on the motorcycle model, so it's important to consult the owner's manual or a manufacturer’s specifications for the exact chain size needed. Additionally, the length of the chain may vary depending on the bike's setup, such as the number of teeth on the sprockets. Always ensure compatibility when replacing or upgrading the chain.
Does maximizing the scalar multiplication in matrix chain multiplication exhibit optimal substructure?
I think so. Copy and paste method could be used to prove this. But this is only my opinion.
What is a method preparing DNA for forensic analysis?
Polymerase chain reaction
What is the method for preparing DNA for forensic analysis?
Polymerase chain reaction
What is the only tool of the seven quality tools that is not based on statistics?
Cause and Effect is a what could not what did. Its a theory chain
What activities does activity based management encompass?
ABM strategically incorporates activity analysis, activity-based costing (ABC), activity-based budgeting, life cycle and target costing, process value analysis, and value-chain analysis.
Which is a method of preparing DNA for forensic analysis?
polymerase chain reaction
What is the significance of a value chain?
A value chain is the series of activities that a business performs in order to deliver a product or service to the marketplace. The value chain method is significant due to it being a powerful tool for analysis and strategic planning for the business model.
Which method is preparing DNA for forensic analysis?
The method commonly used for preparing DNA for forensic analysis is called polymerase chain reaction (PCR). PCR amplifies specific regions of DNA so that they can be analyzed in detail. This method allows for small amounts of DNA to be replicated, making it suitable for forensic samples with limited DNA material.
What is straight chain method?
Straight chain method is you may find your answer right away, On the otherhand the Cyclic chain method is you will do the process again until you find the right answer
What is straight chain scientific method?
Straight chain method is you may find your answer right away, On the otherhand the Cyclic chain method is you will do the process again until you find the right answer
What is the recommended method for determining the correct bike chain size for optimal performance and longevity?
The recommended method for determining the correct bike chain size for optimal performance and longevity is to consult the manufacturer's guidelines or a professional bike mechanic. They can help you choose the right chain size based on your bike's specifications and riding style.
What is the Difference between value analysis and value chain analysis?
no different it's the same
What is value chain analysis in management accounting?
Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.
