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What is Understanding Index Numbers and Ratios about?
Index numbers and ratios are used as indicators or surrogates to measure dimensions that cannot be directly measured. An index number represents the magnitude of an aggregate of related variables compared over time. Common index numbers include the consumer price index, which measures inflation. Ratios are also used as indicators, such as the body mass index which indicates healthy weight ranges based on an individual
- Author
- jerr
- Language
- EN