I B-com. unit -v. index Number
Unit- V Index Number Definition [Index Number] Index numbers are devices for measuring differences in the magnitude of a group of related variables. CHARACTERSTICS OF INDEX NUMBERS The following points are worth considering: 1. Index number are specialized averages 2. Index number are expressed in percentages 3. Index number measure changes not capable of direct measurement 4. Index number are for comparison 1. Index number are specialized averages: Normally, average can be used to compare only those variables which are expressed in the same units. But index numbers helps in comparing the changes in variables which are in different units. 2. Index number are expressed in percentages: Index numbers are expressed in terms of percentages so as to sho...