Accountancy, asked by swayamagrawal05, 25 days ago

What type of changes index number represents? ​

Answers

Answered by vitex1504
1

Answer:

An index number is a statistical device for measuring changes in the magnitude of a group of related variables. It represents the general trend of diverging ratios, from which it is calculated. It is a measure of the average change in a group of related variables over two different situations.

Explanation:

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Answered by mitrakshim
1

Answer:

An index number is a statistical device for measuring changes in the magnitude of a group of related variables. It represents the general trend of diverging ratios, from which it is calculated. It is a measure of the average change in a group of related variables over two different situations.

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