What is index number?
Question
Updated 8/30/2014 4:14:38 PM
Flagged by alfred123 [8/30/2014 4:07:50 PM], Edited by yumdrea [8/30/2014 4:14:38 PM]
f
Original conversation
User: What is index number?

Question
Updated 8/30/2014 4:14:38 PM
Flagged by alfred123 [8/30/2014 4:07:50 PM], Edited by yumdrea [8/30/2014 4:14:38 PM]
Rating
8
Index number is an indicator of average percentage change in a series of figures where one figure (called the base) is assigned an arbitrary value of 100, and other figures are adjusted in proportion to the base.
Confirmed by yumdrea [8/30/2014 4:14:29 PM]
An index number is an economic data figure reflecting price or quantity compared with a standard or base value. The base usually equals 100 and the index number is usually expressed as 100 times the ratio to the base value.
38,902,036
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