Abstract
Index numbers are a type of economic indicator that represent the relative change in the value of a variable (e.g., price, quantity, production, income, etc.) compared to a base period or a reference point. They are used to simplify complex data and present it in a more understandable and comparable form.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Prasad, S. (2024). Index Numbers. In: Advanced Statistical Methods. Springer, Singapore. https://doi.org/10.1007/978-981-99-7257-9_2
Download citation
DOI: https://doi.org/10.1007/978-981-99-7257-9_2
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-99-7256-2
Online ISBN: 978-981-99-7257-9
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)