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What is Understanding Index Numbers and Their Uses about?

1. Index numbers measure relative change in a group of related variables over time. They are expressed as percentages and are types of averages. 2. Problems in constructing index numbers include defining the purpose, selecting items and prices, choosing the base period, assigning weights, and selecting an averaging method. 3. SENSEX is an index of 30 major companies listed on the Bombay Stock Exchange. It indicates changes in the stock market.

Author

raghu8215

Language

EN