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Index numbers are usually expressed by setting some selected value as 100 and converting all other numbers to an index relative to that base.
So, for a simple index, if the value y(0) is set to 100, then the index for the value y(k) is y(k)/y(0)*100.
The calculations become more complicated if the index is for a collection of items. In such cases, a number of different "sub-indices" need to be combined together. The combined index is calculated as a weighted average of the component sub-indices, with the weights based on the importance of each su-index in the base period (base-weighted) or in the current period (current-weighted).
What else can I help you with?
Disadvantages of index number?
disadvantages of index numbers
What are the problems associated with the construction of index numbers under selected items?
what are the problems associated with the construction of index numbers
What are the merits and demerits of index numbers in statistics?
merits and demerits of index number
School index numbers?
F1194
What is the index form of numbers 9765625?
Index form of 9765625 is 9.765625 × 106
What is index value?
Index value is a phrase used to describe pairs of numbers that are arranged in a table. The purpose of this is so applications can match numbers.
Solution to find 1000th prime number using python?
Here's a start umbers=[True]*5001 index=2 primes=[] while index<5000: multiplier=2 while index*multiplier <= 5000: Numbers[index*multiplier]=False multiplier+=1 index+=1 while Numbers[index]==False and index < 5000: index+=1 for x in range(0,5000): if Numbers[x]==True: primes.append(x) x+=1 print primes
Utilities of index number in economics?
what is mean by statistical approach and economical approach in the theory of index numbers?
When postal index numbers introduced in India?
05.08.1972
When can you use index numbers?
When you are accessing an array's element.
What are index numbers used for?
Identifying array-elements.
How do you work out the index number?
Index numbers are usually expressed by setting some selected value as 100 and converting all other numbers to an index relative to that base.So, for a simple index, if the value y(0) is set to 100, then the index for the value y(k) is y(k)/y(0)*100.The calculations become more complicated if the index is for a collection of items. In such cases, a number of different "sub-indices" need to be combined together. The combined index is calculated as a weighted average of the component sub-indices, with the weights based on the importance of each su-index in the base period (base-weighted) or in the current period (current-weighted).
