Index number meaning
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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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WebDefinition of Index Numbers. An index number is a statistical measure that expresses the relative change in the value of a variable over time or across different regions. Index …
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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...
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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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Index numbers are indicators used in economics and statistics to show the relative changes in the price of a good or the income of an individual over a given period (or …
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An index number is a figure reflecting price or quantity compared with a base value. The base value always has an index number of 100. The index number is then expressed as 100 times the ratio to the …
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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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