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Index Numbers Studying this chapter should enable you to: • understand the meaning of the term index number; † become familiar with the use of some widely used index numbers; † calculate an index number; † appreciate its limitations. 1. INTRODUCTION You have learnt in the previous chapters how summary measures can be obtained from a ...
calculate index numbers, we can find seasonal variations, cyclical variation, irregular (or abnormal) changes and long term trends of any activity - whether it is sale of ice-cream, or absence from school, or literacy level in a district, or unemployment problem, or sale of
INDEX NUMBER expresses the relative change in price, quantity, or value compared to a base period. An index number is used to measure changes in prices paid for raw materials; numbers of employees and customers, annual income and profits, etc. If the index number is used to measure the relative change in just one variable, such
Index numbers are the numbers which express the value of a variable at any time (current period) as a percentage of the value of that variable at some reference period or base period.
Free Index Form Calculator - Writes a number using index form notation This calculator has 1 input.
Created by T. Madas Created by T. Madas Question 14 (***) 1 1 6 5x x2 2 − − = . a) Show that the substitution 1 y x= 2 transforms the above indicial equation into the quadratic equation y y2 + − =5 6 0 . b) Solve the quadratic equation and hence find the root of the indicial equation. x =1 Question 15 (***) The points (2,14) and (6,126) lie on the curve with equation
In this Unit, you will study and understand the meaning and uses of index numbers, various problems resulting from the incorrect use of index numbers, methods for construction of various index numbers, and their limitations.
