Something wrong with definition of “% change”? Exhibit 12, p.144, CFAI text #3. The 3 “% change” columns seems weird. eg. the 6.06% for year 1993 is actually the % DECREASE of 1992 from 1993. Do I missing something? - sticky
1992 Index - 507.46 1993 Index - 540.19 You are right. There seems to be a miscalculation of the %change.