wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Index numbers can be used for:

A
Forecasting
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Fixed prices
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Different prices
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Constant prices
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Forecasting
Index number can be used for Forecasting.
This index number is a useful number that helps us quantify changes in our field. It is easier to see one value than a thousand different values for each item in our field.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Balance of Payments
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon