A simple index is computed by using the values of one time series, while a(n) ________ index is based on a "market basket" consisting of more than one time series.
A) weighted
B) aggregate
C) cyclical
D) trend

Question

Quizplus · Accepted Answer

A simple index is computed by using the values of one time series, while an aggregate index is based on a "market basket" consisting of more than one time series.

A Simple Index Is Computed by Using the Values of One