using the formula for splicing price indices:
New index for 2004 = Old index for 2004 (2000 = 100) * (New index for 2005 / Old index for 2005)
New index for 2004 = 90 * (115 / 94) = 109.574
Therefore, the index for 2004 using 1995 as the base year is 109.574.
Consider the following two price index series:
Year 1995 = 100
2002 80
2003 86
2004 90
2005 94
Year 2000 = 100
2005 115
2006 121
2007 130
2008 133
Splice the two index series to form one continuous series with 1995 as the base year. The index for 2004 is
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