Using 2019 as the Base Year, the 2018 Value of the Laspeyres

question 73

Multiple Choice

Using 2019 as the base year, the 2018 value of the Laspeyres Price Index is ___.

• A)69.92
• B)144.06
• C)100.21
• D)79.72
• E)99.72

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Definitions:

9-year Moving Averages

A method of smoothing data by calculating the average of different subsets of the total data period of nine years each.

Seasonal Variation

Regular fluctuations in a time series variable within a year, often related to the seasons.

Random Variation

The unpredictable changes in data that cannot be attributed to any specific cause.

Time Series

A time series is a sequence of data points, typically consisting of successive measurements taken at spaced intervals over time, used in statistical and economic analysis.