Mathematics · Statistics
A base year is used in index number calculations. What is the primary purpose of selecting a base year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above✓
- 2To provide a benchmark for measuring changes
- 3To provide a standard for comparison
- 4To compare changes in the variable over time
Correct answer
All of the above
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