Commerce Exam > Commerce Videos > Economics Class 11 > Weighted Index Numbers
Weighted Index Numbers Video Lecture | Economics Class 11 - Commerce
|
58 videos|215 docs|44 tests
|
FAQs on Weighted Index Numbers Video Lecture - Economics Class 11 - Commerce
| 1. What is a weighted index number? |  |
Ans. A weighted index number is a statistical measure used to track the changes in a group of variables over time, where each variable is assigned a specific weight based on its importance or significance. The weights are used to determine the relative importance of each variable in the overall index calculation.
| 2. How are weights assigned in a weighted index number? | |
Ans. The weights assigned in a weighted index number are typically based on the relative importance or significance of each variable being measured. These weights can be determined through various methods, such as expert opinion, market research, or economic indicators. The weights are then multiplied by the corresponding values of each variable to calculate the weighted index.
| 3. What is the purpose of using weighted index numbers? | |
Ans. The purpose of using weighted index numbers is to provide a more accurate representation of changes in a group of variables over time. By assigning weights to each variable, the index gives more importance to variables that have a greater impact on the overall measure. This allows for a better understanding of the relative importance and contribution of different variables in the index.
| 4. How are weighted index numbers used in economics and finance? | |
Ans. Weighted index numbers are widely used in economics and finance to track and analyze the performance of various economic indicators, such as stock market indices, consumer price index, or GDP growth. These indices often consist of multiple variables, and using weighted index numbers helps to reflect the importance of each variable and measure changes accurately.
| 5. What are the limitations of using weighted index numbers? | |
Ans. While weighted index numbers provide a more accurate representation of changes in a group of variables, they also have limitations. One limitation is the subjectivity involved in assigning weights, as different individuals or organizations may have different opinions on the relative importance of variables. Additionally, changes in the weights over time can affect the comparability of index values. Moreover, weighted index numbers may not capture all relevant variables, potentially leading to incomplete or biased assessments.
Related Exams
About this Video
|
4.95/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Weighted Index Numbers for Commerce 2024 is part of Economics Class 11 preparation.
The notes and questions for Weighted Index Numbers have been prepared according to the Commerce exam syllabus.
Information about Weighted Index Numbers covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Weighted Index Numbers.
Introduction of Weighted Index Numbers in English is available as part of our Economics Class 11 for Commerce & Weighted Index Numbers in
Hindi for Economics Class 11 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Weighted Index Numbers Video Lecture | Economics Class 11 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 11.
Information about Weighted Index Numbers
Here you can find the meaning of Weighted Index Numbers defined & explained in the simplest way possible.
Besides explaining types of Weighted Index Numbers theory, EduRev gives you an ample number of questions to practice Weighted Index Numbers tests,
examples and also practice Commerce tests.
|
58 videos|215 docs|44 tests
|
Video Timeline
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Objective type Questions
,Weighted Index Numbers Video Lecture | Economics Class 11 - Commerce
,Semester Notes
,Extra Questions
,Free
,Weighted Index Numbers Video Lecture | Economics Class 11 - Commerce
,practice quizzes
,past year papers
,Weighted Index Numbers Video Lecture | Economics Class 11 - Commerce
,Viva Questions
,Exam
,shortcuts and tricks
,MCQs
,Previous Year Questions with Solutions
,mock tests for examination
,Important questions
,video lectures
,study material
,Sample Paper
,ppt
,Summary
;
Study Weighted Index Numbers on the App
Students of Commerce can study Weighted Index Numbers alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Weighted Index Numbers,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Weighted Index Numbers is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup