Price Indexes - required or not?

[archived_user]

Hi, I am a little bit confused about unclear requirements on this exam.
According to Schweser: “The LOS does not require you to calculate these indexes. We show these examples to illustrate how substitution of goods by consumers can affect index values.”
CFA: Mock B PM 42 - calculate Paasche Index
Could you guys explain me is it required or not?

 

[archived_user]

CFA Institute is quite liberal in its interpretation of its own command words, its official definitions notwithstanding.
In short, Explain can mean Calculate.

 

[archived_user]

Thx bro!

 

[archived_user]

I’ve done 2 mocks (AM and PM) and each of them requires calculation of either Layperes or Paasche Index. Fisher index calculation is probably not out of the scope either.