From the following data relating to average prices of a commodity compute the index numbers with 1989 as base and recast the indices thus obtained by shifting the base to 1993 by both the direct and short-cut methods. Year: Prices: 1996 1997 | 1998 90 1989 1990 1991 1992 1993 1994 1995 50 60 62 65 75 78 82 84 88

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From the following data relating to average prices of a commodity compute
the index numbers with 1989 as base and recast the indices thus obtained by
shifting the base to 1993 by both the direct and short-cut methods.
1996 1997 | 1998
1994 1995
82
Year :
1989
1990
1991
1992
1993
Prices:
50
60
62
65
75
78
84
88
90
CS Scanned with CamScanner
Transcribed Image Text:From the following data relating to average prices of a commodity compute the index numbers with 1989 as base and recast the indices thus obtained by shifting the base to 1993 by both the direct and short-cut methods. 1996 1997 | 1998 1994 1995 82 Year : 1989 1990 1991 1992 1993 Prices: 50 60 62 65 75 78 84 88 90 CS Scanned with CamScanner
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