Read about the role of an index number in economics and how index numbers can be applied to all kinds of data, such as inflation or productivity.

Index Numbers Class 11 Notes: Get here CBSE Class 11 Economics Full and Short Notes of Chapter 7 for the upcoming annual exam revision.

Very often, an index number used in an economic model has been constructed in two or more stages. If the two stage procedure gives the same answer as a single stage procedure, then Vartia calls the ...

The American Journal of Economics and Sociology, Vol. 64, No. 1, Special Invited Issue: Celebrating Irving Fisher: The Legacy of a Great Economist (Jan., 2005), pp. 311-360 (50 pages) Traditional ...

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to ...