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What is the meaning of index numbers?
Index numbers are used to fulfill the purpose of comparing different situations where two or even more series are being expressed in varied units. They come with certain guideline that ultimately helps in decision making.
To understand index numbers you should know:
- It helps to measure the net change of related variables found in a group.
- Helps to measure change over a period of time.
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Stock market also adopts index numbers and does proper analysis for different values and variables. Students who are assigned with stock market projects need to make proper utilization of knowledge and implement the subject. We can make sure that you understand it well and can implement it in your everyday life.
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