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Theoretical and Applied Economics
No. 12 / 2012 (577)

Some considerations regarding the use of the fix and chained basis indices

Constantin ANGHELACHE
“Artifex” University, Bucharest / The Bucharest University of Economic Studies
Alexandru MANOLE
“Artifex” University, Bucharest
Ion PÂRȚACHI
Academy of Economic Studies of Moldavia, Chisinău
Lorand KRALIK
The Bucharest University of Economic Studies

Abstract. In the authors meaning, this work submits the merits of utilizing the chain based system for building up the price indices within the time series comparatively with the utilization of the fix base system. Meantime, the authors are emphasizing the different properties, axioms or tests, which might be satisfied by an index formula.

Keywords: chain; quantity; formula; measurement; index.

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