Chained-dollar estimate

 A measure used to approximate the chain-type index level and is calculated by taking the current-dollar level of a series in the base period and multiplying it by the change in the chain-type quantity index number for the series since the base period. Chained-dollar estimates correctly show growth rates for a series, but are not additive  in periods other than the base period. Related terms: chain-type index, current-dollar estimate.