Index Number (noun) Definition, Meaning & Examples

noun Statistics.
  1. a quantity whose variation over a period of time measures the change in some phenomenon.
noun
  1. a statistic indicating the relative change occurring in each successive period of time in the price, volume, or value of a commodity or in a general economic variable, such as the price level, national income, or gross output, with reference to a previous base period conventionally given the number 100
Index Number (noun) Definition, Meaning & Examples

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