Page 2 Introduction Involved in the construction of Index Numbers Construction of Index number Methods of Index Numbers Usefulness of Index Numbers Page 3 Introduction Involved in the construction of Index Numbers Construction of Index number Methods of Index Numbers Usefulness of Index Numbers An index number is a ratio or an average of ratios expressed as a percentage two or more time periods are involved, one of which is base time period. The value of the base time period serves as the standard point of composition Page 4 Introduction Involved in the construction of Index Numbers Construction of Index number Methods of Index Numbers Usefulness of Index Numbers An index number is a ratio or an average of ratios expressed as a percentage two or more time periods are involved, one of which is base time period. The value of the base time period serves as the standard point of composition Selection of data Selection of a Base Year Type of Formula Selection of Weights The Data for Index Numbers Choice of Variables Page 5 Introduction Involved in the construction of Index Numbers Construction of Index number Methods of Index Numbers Usefulness of Index Numbers An index number is a ratio or an average of ratios expressed as a percentage two or more time periods are involved, one of which is base time period. The value of the base time period serves as the standard point of composition Selection of data Selection of a Base Year Type of Formula Selection of Weights The Data for Index Numbers Choice of Variables 1 â€¢ Specialized Averages 2 â€¢ Measure the net change in a group of related variables 3 â€¢ Measures the effect of changes over a period of timeRead More

213 videos|199 docs|48 tests

### Consumer Price Index

- Video | 21:03 min
### Index Numbers (Part - 2)

- Video | 14:45 min
### Methods of Construction

- Video | 12:05 min
### Weighted Index Numbers

- Video | 17:00 min

- NCERT Solutions - Index Numbers
- Doc | 10 pages
- NCERT Textbook - Index Numbers
- Doc | 14 pages