Difference between revisions of "Chained calculation"

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Revision as of 23:43, 28 October 2017

In the context of price indices, a chained calculation means a calculation is done one increment at a time and then multiplied to produce the index for the target date. The increment is usually a year. A chained calculation is in contrast to a fixed base calculation that calculates the target in one shot.

https://en.wikipedia.org/wiki/Price_index#Chained_vs_non-chained_calculations

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