Question

define index number and 5use of index number​

Answer 1

Answer:

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