Explain different index numbers
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1/3 67/5 are the examples of index numbers
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there are two types of index no.
1. simple index no. = it is a no. that measures a relative change in a single variable with respect to a base .
2. composite index no. = it is a no. that measures an average relative changes in a group of relative variables with respect to a
base.
1. simple index no. = it is a no. that measures a relative change in a single variable with respect to a base .
2. composite index no. = it is a no. that measures an average relative changes in a group of relative variables with respect to a
base.
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