noun
a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time
• Hypernyms: ↑fact
• Hyponyms:
↑body mass index, ↑BMI, ↑business index, ↑leading indicator, ↑price index, ↑price level, ↑short account, ↑stock index, ↑stock market index
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noun : a number used to indicate change in magnitude (as of cost, price, or volume of production) as compared with the magnitude at some specified time usually taken as 100
if the cost of an item in 1930 was one and one half as much as its cost in 1913, its index number, relative to 1913, was 150
relative index numbers representing changes in price level of the particular type of asset being considered would be used for the purpose of converting fixed assets to current dollar values — Accountants Digest
— used especially in statistics
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Statistics.
a quantity whose variation over a period of time measures the change in some phenomenon. Also called index.
[1870-75]
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index number noun
A figure showing periodic movement up or down of a variable compared with another figure (usu 100) taken as a standard
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Main Entry: ↑index
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a number that shows the change in the level of something such as a price or unemployment, compared with an earlier time
Thesaurus: numbers and types of numberhyponym
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index number,
Statistics. a number that shows relative changes, as in prices, sales, credit, or employment, at any given time with reference to the level of some predetermined time, or to a certain standard, the base level usually being equated to 100.
Useful english dictionary. 2012.