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- DictionaryIndex number
noun
- 1. a number showing the variation in a price or value compared with the price or value at a specified earlier time (often represented by the number 100): "the official index numbers of agricultural production show declining production"
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Apr 4, 2024 · What Is Index Number? An index number is a statistical tool used in economics and business to quantify changes in an individual variable or a group of variables concerning geographical locations, time, or other aspects.
An index number is a method of evaluating variations in a variable or group of variables in regards to geographical location, time, and other features. The base value of the index number is usually 100, which indicates price, date, level of production, and more.
Index number is a technique of measuring changes in a variable or group of variables with respect to time, geographical location or other characteristics.
An index number is an economic data figure that reflects quantity or price compared with a base or standard value. The base is usually 100, and refers either to a date, a specified price, a level of production, etc. Economists spend much of their time crunching numbers and compiling indices of individual data, so that they can analyze different ...
Apr 29, 2024 · An index number is a statistical measure designed to show changes in a variable or a group of related variables over time. It is typically used to measure economic data such as prices, quantities, or values in order to track economic performance, inflation, or productivity levels.
An index number is the measure of change in a variable (or group of variables) over time. It is typically used in economics to measure trends in a wide variety of areas including: stock market prices, cost of living, industrial or agricultural production, and imports.
Nov 21, 2023 · 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...
