Learning objectives
- 1Explain key Features of Index Numbers
- 2Explain example
- 3Explain major Uses
- 4Explain a) Measuring Inflation
- 5Explain b) Cost of Living Analysis
- 6Explain c) Wage Adjustment
Your learning path
Key terms
Index NumberIndex NumbersLaspeyres IndexSensitive IndexSummarize Large DataCost of Living IndexUseful for ComparisonsMeasure Relative ChangeExpressed in Percentage Form
76Concepts
13Formulae
13Minutes