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Meaning of index numbers

 

 

 

Index numbers

 

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Business glossary

 

Meaning of term index numbers :

 

Index numbers are a form of numbers used for expressing average changes in a number of different variables. They are expressed in terms of a base year value of 100. For instance if the value changes from 100 to 120 this means that the variable measured by the index has increased by 20%.

 

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Index numbers

 

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Meaning of term index numbers

 

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