Question

a period for which index number is determined is called as​

Answer 1

Answer:

current period

Explanation:

A period for which index number is determined is called as​ a current period.

Answer 2

Answer: Index numbers are typically expressed using percentages. The base period is the time span between the two that will be used for comparison. The index number 100 is assigned to the value in the base period.

Explanation:

Index number: A statistical tool for assessing changes in the size of a group of connected variables is an index number. It serves as a gauge of the average change among linked objects variables spanning two distinct circumstances.

• An index number also tracks changes in the value of factors like commodity prices, production volume, and other variables.
• Price index figures quantify and make price comparisons of particular goods possible.
• The changes in the physical volume of production, construction, or employment are measured by quantity index numbers. Even though price index statistics are more commonly used, a production index is a crucial gauge of the economy's amount of output.
• The wholesale price index, consumer price index, index of industrial production, index of agricultural production, and sensex are all frequently used index numbers.

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