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Merriam-Webster unabridged. The meaning of INDEX NUMBER is a number used to indicate change in magnitude (as of cost or price) as compared with the magnitude at some specified time usually taken as 100.
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In statistics and research design, an index is a composite statistic – a measure of changes in a representative group of individual data points, or in other words, a compound measure that aggregates multiple indicators. Indexes – also known as composite indicators – summarize and rank specific observations. Much data in the field of social sciences and sustainability are represented in va…
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WebIn its most general definition, an index number is a value representing the relative variation of a variable between two determined periods (or situations). The simple index numbers …
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The word "index" has a very large number of completely different meanings in mathematics. Most commonly, it is used in the context of an index set, where it means a …
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Index numbers are statistical measures that are used in business and economics to quantify changes in various fields and variables over time. Raw data is often hard to compare and understand, but...
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Index numbers typically measure these changes over time. However, index numbers can also be used to make other comparisons, such as between regions of the UK. …
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