Index number, Applied Statistics

Index Number

Meaning and Definitions of Index Number

The index numbers are the special type of averages which are presented in percentages and computed on certain base.

Some important definitions

Murray Spiegal says an index number is a statistical measure designed to show changes in variable or group of related variables. With respect to time, geographic location or other characteristics,

Croxton and Cowden say Index numbers are decries for measuring differences in the magnitude of a group of related variables

Horace Sacrist says Index numbers are a series of numbers by which changes in the magnitude of phenomena are measured from time to time or from place to place.

T. W. Wonnacott and Ronald J. Wonnacott: An index number is a single figure showing how a whole set of related variable has changed over time to time of differs from place to place.

Dr, A. L. Bowely says: A series of index numbers is a series which effects in its trend and fluctuations the movement of some quantity to which it is related.

Wessel, Willett and says;  An  index number is a special type of average  that p[provides a measurement of relative changes  from time  to time or from place to place.

It is evident from the above definitions that index number are special type of averages which  the changes in a group of related variable over a period of time.

Posted Date: 9/27/2012 6:15:23 AM | Location : United States







Related Discussions:- Index number, Assignment Help, Ask Question on Index number, Get Answer, Expert's Help, Index number Discussions

Write discussion on Index number
Your posts are moderated
Related Questions
A sample of 43 houses that were purchased in the Southern California town Monrovia within a month was collected. We are interested in the study of the relationships between Price a

In a study of outcomes for patients who had been in the Intensive care Unit (ICU) at a large hospital, the records from last 150 patients who had been in the ICU for more than one

Grouped Data  In order to find the median, the median class is to be first located and then interpolation is to be used by assuming that items are evenly spaced over the entire

The data in the data frame asset are from Myers (1990), \Classical and Modern Regression with Applications (Second Edition)," Duxbury. The response y here is rm return on assets f

There are n seats on an airplane and n passengers have bought tickets. Unfortunately, the first passenger to enter the plane has lost his ticket and, so he just chooses a seat at r

construction of control chart,n chart

Examining the Population Variance Business decision making does not limit itself to setting up the hypothesis to test for the equality of more than two means or proportions sim

#quesgraphical representation of data

There are two types of drivers, high-risk drivers with an accident probability of 2=3 and low risk drivers with an accident probability of 1=3. In case of an accident the driver su

Frequency distribution A frequency distribution is a series where a number of items with similar values are put in separate groups or bunches. In other words a frequency distri