PPT - Index number B Com Notes | EduRev

Business Mathematics and Statistics

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B Com : PPT - Index number B Com Notes | EduRev

 Page 1


INDEX NUMBERS
Page 2


INDEX NUMBERS
CONTENTS
?
Introduction
?
Definition
?
Characteristics
?
Uses
?
Problems
?
Classification
?
Methods
?
Value index numbers
?
Chain index numbers.
Page 3


INDEX NUMBERS
CONTENTS
?
Introduction
?
Definition
?
Characteristics
?
Uses
?
Problems
?
Classification
?
Methods
?
Value index numbers
?
Chain index numbers.
INTRODUCTION
?
An index number measures the relative change 
in price, quantity, value, or some other item of 
interest from one time period to another. 
?
A simple index number measures the relative 
change in one or more than one variable. 
Page 4


INDEX NUMBERS
CONTENTS
?
Introduction
?
Definition
?
Characteristics
?
Uses
?
Problems
?
Classification
?
Methods
?
Value index numbers
?
Chain index numbers.
INTRODUCTION
?
An index number measures the relative change 
in price, quantity, value, or some other item of 
interest from one time period to another. 
?
A simple index number measures the relative 
change in one or more than one variable. 
WHAT IS AN INDEX NUMBER
Page 5


INDEX NUMBERS
CONTENTS
?
Introduction
?
Definition
?
Characteristics
?
Uses
?
Problems
?
Classification
?
Methods
?
Value index numbers
?
Chain index numbers.
INTRODUCTION
?
An index number measures the relative change 
in price, quantity, value, or some other item of 
interest from one time period to another. 
?
A simple index number measures the relative 
change in one or more than one variable. 
WHAT IS AN INDEX NUMBER
DEFINITION
 
?
“Index numbers are quantitative measures of 
growth  of  prices,  production,  inventory  and 
other quantities of economic interest.”
?
         
­Ronold
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