A simple index is computed by using the values of one time series,while the _______ 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

An aggregate index is based on a "market basket" consisting of more than one time series. A weighted index also uses multiple time series, but each series is given a different weight or importance in the overall calculation. A cyclical index focuses on identifying trends and patterns in economic cycles, while a trend index tracks the overall direction of a single time series over time.

A Simple Index Is Computed by Using the Values of One