Define Price Index?

1.	Define Price Index?
Answer» Index number is a statistical measure showing percentage or relative changes in variables like prices, production, exports etc. According to Spiegel: An Index number is a statistical measure designed to show changes in a variable or group of related variables with respect to time, geographic location or other characteristics.

Answer»

Index number is a statistical measure showing percentage or relative changes in variables like prices, production, exports etc.

According to Spiegel:

An Index number is a statistical measure designed to show changes in a variable or group of related variables with respect to time, geographic location or other characteristics.

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Define Price Index?

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