What is Splicing?

4 years ago
Business Statistics

When a series of index numbers is prepared by taking a particular year as base and then it is stopped, and the last year of that series is taken as the base year and another series is prepared. At times, it may be necessary to convert these two series into a continuous series. This procedure is called splicing.

If old series is to be related with new series, this is called forward splicing and to convert old series on the basis of new series is known as backward splicing.

a)                  Formula for Forward Splicing :

Old Index No. of new base year      X      Index No. to be adjusted/

/100

b)                       Formula for Backward Splicing :

Index No. to be adjusted  /                 X 100 

Old Index No. of new base year

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Surya Bikram Bhandari
Surya Bikram Bhandari
Nov 14, 2021
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