To splice the two price index series to form one continuous series with 2010 as the base year, we need to adjust all values to reflect 2010 as the base year.
For index series 1:
2007: A = (100/94) * 94 = 100
2008: B = (100/100) * 100 = 100
2009: C = (100/115) * 115 = 100
2010: D = 110
2011: E = (110/90) * 90 = 110
2012: F = (110/100) * 100 = 110
2013: G = (110/115) * 115 = 110
Therefore, the spliced series with 2010 as the base year is:
2007: 100
2008: 100
2009: 100
2010: 110
2011: 110
2012: 110
2013: 110
To find the value of A, we need to calculate the adjusted value for 2007:
A = (110/94) * 94 = 110
Therefore, the value of A is 110.
Consider the following two index series:
2008=100 2012=100 2010=100
2007 94 A
2008 100 B
2009 115 C
2010 110 80 D
2011 90 E
2012 100 F
2013 115 G
Splice the two price index series to form one continuous series with 2010 as the base year.
Find the value of A.
80.55
85.45
90.45
91.55
75.65
1 answer