index numbers Flashcards
1
Q
why use index numbers
A
-to make ugly numbers less ugly
-to allow for quick and easy data comparisons
2
Q
how to use index numbers
A
1) pick base year, make it 100
2)use the equation and convert the other ones into index
3
Q
how to calculate index numbers
A
(raw number)/(base year raw number) x 100
