Index Numbers 11/01/2023
Index numbers – useful way of expressing economic data time series and
comparing/contrasting information.
Figure reflecting the price and quantity compared with the base value.
Base value always has an index number of 100
Index number expressed as 100 times the ratio to the base value
Index numbers – useful way of expressing economic data time series and
comparing/contrasting information.
Figure reflecting the price and quantity compared with the base value.
Base value always has an index number of 100
Index number expressed as 100 times the ratio to the base value
