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In statistics and research design, an index is a composite statistic – a measure of changes in a representative group of individual data points, or in other words, a compound measure that aggregates multiple indicators. [ 1][ 2] Indices – also known as indexes and composite indicators – summarize and rank specific observations. [ 2]
Price index. A price index ( plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these price relatives, taken as a whole, differ between ...
The refractive index, , can be seen as the factor by which the speed and the wavelength of the radiation are reduced with respect to their vacuum values: the speed of light in a medium is v = c/n, and similarly the wavelength in that medium is λ = λ 0 /n, where λ 0 is the wavelength of that
A price index aggregates various combinations of base period prices ( ), later period prices ( ), base period quantities ( ), and later period quantities ( ). Price index numbers are usually defined either in terms of (actual or hypothetical) expenditures (expenditure = price * quantity) or as different weighted averages of price relatives ...
Index (economics) In statistics, economics, and finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from different perspectives.
The acid number is a measure of the number of carboxylic acid groups ( −C (=O)OH) in a chemical compound, such as a fatty acid, or in a mixture of compounds. [ 2] In other words, it is a measure of free fatty acids (FFAs) present in a substance. In a typical procedure, a known amount of sample dissolved in an organic solvent (often ...
v. t. e. The Herfindahl index (also known as Herfindahl–Hirschman Index, HHI, or sometimes HHI-score) is a measure of the size of firms in relation to the industry they are in and is an indicator of the amount of competition among them. Named after economists Orris C. Herfindahl and Albert O. Hirschman, it is an economic concept widely ...
A confidence interval for the parameter , with confidence level or coefficient , is an interval determined by random variables and with the property: The number , whose typical value is close to but not greater than 1, is sometimes given in the form (or as a percentage ), where is a small positive number, often 0.05.