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Question : Change base year of a series of indexs
Hi.
I have a list of economic data as follows -
1995 108.0
1996 114.2
1997 120.7
1998 121.7
1999 116.2
2000 112.0
2001 109.9
2002 106.1
2003 99.6
2004 96.0
2005 96.0
2006 95.7
2007 98.5
2008 100.0
2009 100.2
The base year is 2008. ie; 2008=100
How do I change the base year to, say, 1995?
EDIT: I actually want to change 1995 to equal 100.
Thanks for any assistance.
Answer : Change base year of a series of indexs
You divide all values by 1.08, which is the same as 108/100
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