Why should CPI weights be updated? (Select all that apply.) O a. Better reflect current household expenditure patterns b. Facilitate introduction of new goods c. Rotate households from the household budget survey d. Facilitate introduction of new outlets e. Implement improved index compilation methods

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 3BGP
Question
No answer from Chat GPT will downvote. Give proper explanation of the correct option and proper explanation of the incorrect options.
Why should CPI weights be updated? (Select all that apply.)
O a. Better reflect current household expenditure patterns
b. Facilitate introduction of new goods
c. Rotate households from the household budget survey
d. Facilitate introduction of new outlets
e. Implement improved index compilation methods
Transcribed Image Text:Why should CPI weights be updated? (Select all that apply.) O a. Better reflect current household expenditure patterns b. Facilitate introduction of new goods c. Rotate households from the household budget survey d. Facilitate introduction of new outlets e. Implement improved index compilation methods
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