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Price Indexes - required or not?

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? angry

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CFA Institute is quite liberal in its interpretation of its own command words, its official definitions notwithstanding.

In short, Explain can mean Calculate.

Simplify the complicated side; don't complify the simplicated side.

Financial Exam Help 123: The place to get help for the CFA® exams

Thx bro! yes

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.