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Characteristics of Index Number.

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Characteristics of Index Number.

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Characteristics of Index Number:

  • Index number is a relative measure showing the percentage change in the values of variable.
  • It is a measure independent of unit of measurement.
  • It is a comperative measure.
  • It compares the situations prevailing at two different points of time by means of ratio.
  • It is a special average. Hence, it posseses all the qualities of the average.
  • It is a weighted average.
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