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Summary Notes on Unit 10 - Index Numbers

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These notes talk about what index numbers are and what an index number reflects.

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Unit 10 - Managing strategic change
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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
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