Question

Explain the different types of index numbers.

Answer 1

Hello

Here is your answer...

There are 3 types of index numbers.

1. price index,
2.quantityindex and
3.value index.

Answer 2

Explanation:

Mainly there are three different types of index numbers. This include quantity index, price index and value index. There are various methods mainly two through which the index numbers can be further developed which is average of relative method or by the aggregate method. You can further discuss it with your teacher or friends to have better understanding of these types of index numbers.