define index number and 5use of index number
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An index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. 5 Uses of Index No.
- In Measuring Changes in the Value of Money
- In Cost of Living
- In Analysing Markets for Goods and Services
- In Measuring Changes in Industrial Production.
- In Internal Trade
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