answersLogoWhite

0


Best Answer

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).

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you work out the index number?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is index number?

what is index number


What the uses of index number in index index?

uses of index


Additional mathematic project work index number?

The index number for an additional mathematics project would be something that you include so that it is easily referenced. These are typically used when posting research online.


The acronym for PIN?

Its Postal Index Number and for mobile its Personal Identity Number.


Disadvantages of index number?

disadvantages of index numbers


What is the Unit test in index number?

unit test in index


Your index number can not be found please help me out?

Why should I help you?! It's my index number that cannot be found!


What is the meaning of coordinate index?

Coordinate index ? Sure ! It's easy ... You just have to coordinate your index number !


How do you work out negative fractional indices?

A number with a negative index is simply the reciprocal of the same number with a positive index. So, x-a = 1/xa Next a number to a fractional index, (a/b) is the ath power of the bth root of the number. Equivalently, it is the bth root of the ath power of the number. That is, xa/b = b√(xa) = (b√x)a. Combining these results: x-a/b = 1/(xa/b) = 1/[b√(xa)]


What is an Index of Work Satisfaction form?

An "Index of Work Satisfaction form" would be a form used in a survey intended to assess the satisfaction of a work force and to develop a numerical index to describe their aggregate level of satisfaction or dissatisfaction.


What are the merits and demerits of index numbers in statistics?

merits and demerits of index number


Show you waec Ghana 2009 centres for November December for index number 1015503240?

i want to know my index number