The base year for an index number is
A)determined by the year the variable equals exactly 100.
B)dependant upon the type of data.
C)declared by the federal government.
D)chosen arbitrarily by those who construct the data.
E)the year in which 2 or more index numbers are equal to 100.

Question

Quizplus · Accepted Answer

The base year for an index number is chosen arbitrarily by those who construct the data, as it serves as a reference point for comparing other years.

The Base Year for an Index Number Is