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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

You’re ready to take on the CFA® Program, so stop guessing where you should begin. You give us your study dates, we’ll give you the study plan. Our adaptive activity feed breaks down your 300 hours into bite-sized weekly tasks that fit into your life.

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.