0
Still curious? Ask our experts.
Chat with our AI personalities
Ross
Coach
Professor
Add your answer:
Earn +20 pts
Can the base period of an index number be less than 100?
no
What does index mean in maths terms?
index is the same as power The index of a number say how many times you have to use the number in a multiplictaion. e.g; 2 10 = 10*10=100
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).
How do you turn a percentile into a number?
If you have the x-th percentile, the index from a sample of size n that corresponds to it is k := max { i - natural | i <= x*n/100 }. Algorithmically, this is to sort the array and take the element k := floor(x*n/100).
How do you calculate the chain index number?
Divide the price of the commodity in the given year by the price of the commodity the year before. Then, multiply that number by 100.
