What is weight in the construction of index numbers ? State the types

1.	What is weight in the construction of index numbers ? State the types of weight.
Answer» The number of items selected in the construction of an index number, the importance of every item is generally not same. So a number assigned to each item according to its importance is called weight of the item. The weights assigned to the items are of two types: Implicit weight and Explicit weight.

What is weight in the construction of index numbers ? State the types of weight.

Answer»

The number of items selected in the construction of an index number, the importance of every item is generally not same. So a number assigned to each item according to its importance is called weight of the item.

The weights assigned to the items are of two types:

Implicit weight and
Explicit weight.

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What is weight in the construction of index numbers ? State the types of weight.

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