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| 1. |
What is index number?? |
| Answer» An index number is a statistical device for measuring changes in the magnitude of a group of related variables.Features of Index Number\tIndex numbers are expressed in terms of percentages. However, percentage sign (%) is never used.\tIndex numbers are relative measurement of group of data.\tIndex numbers offer a precise measurement of the quantitative change in the concerned variables over time.\tIndex number show changes in terms of averages.\tThey are expressed in numbers. | |