Index Numbers Certificate For Free

It is also known as Simple Index Number and can be constructed with the help of two techniques; viz., Simple Aggregative Method and Simple Average of Price Relatives Method.

There is one UID and index number given on the mark sheet. Unique ID. (UID) is your roll number whereas Index number is the indication of only the centre code and your seat.

I) Weighted Aggregative Method: Paasche's Method. Fisher's Ideal Method. Drobish and Bowley's Method. Marshall Edgeworth Method.

An index number is a method of evaluating variations in a variable or group of variables in regards to geographical location, time, and other features. The base value of the index number is usually 100, which indicates price, date, level of production, and more. There are various kinds of index numbers.

This is a simple method for constructing index numbers. In this, the total of current year prices for various commodities is divided by the corresponding base year price total and multiplying the result by 100. p ? = the total of same commodity prices in the base year. (in Rs) 0 p (in Rs.)

In general, construction of index number is further available for the division in two parts: Simple and Weighted. Furthermore, the simple method is classified into simple aggregative and simple relative. Similarly, the weighted method is classified into weighted aggregative and weighted average or relative.

One such very important tool are index numbers. They help reveal the trends and tendencies of the economy and also help in the formulation of economic policies and laws. There are broadly three types of index numbers ? price index numbers, value index numbers, and quantity index numbers.

An index starts in a given year, the base year, at an index number of 100. In subsequent years, percentage increases push the index number above 100, and percentage decreases push the figure below 100. An index number of 102 means a 2% rise from the base year, and an index number of 98 means a 2% fall.