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This index uses the arithmetic average of the current and based period quantities for weighting. It is considered a pseudo-superlative formula and is symmetric. [12] The use of the Marshall-Edgeworth index can be problematic in cases such as a comparison of the price level of a large country to a small one.
The price index for some period is usually normalized to be 1 or 100, and that period is called "base period." A Törnqvist or Törnqvist-Theil price index is the weighted geometric mean of the price relatives using arithmetic averages of the value shares in the two periods as weights. [1]
Microsoft Excel (using the default 1900 Date System) cannot display dates before the year 1900, although this is not due to a two-digit integer being used to represent the year: Excel uses a floating-point number to store dates and times. The number 1.0 represents the first second of January 1, 1900, in the 1900 Date System (or January 2, 1904 ...
Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In contrast to a cost-of-living index based on the true but unknown utility function, a superlative index number is an index number that can be calculated. [1]
Morisita's overlap index, named after Masaaki Morisita, is a statistical measure of dispersion of individuals in a population. It is used to compare overlap among samples (Morisita 1959). This formula is based on the assumption that increasing the size of the samples will increase the diversity because it will include different habitats (i.e ...
A common solution is to initially compute the sine of many evenly distributed values, and then to find the sine of x we choose the sine of the value closest to x through array indexing operation. This will be close to the correct value because sine is a continuous function with a bounded rate of change. [10]: 6 For example: [11]: 545–548
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2003: original index value was $2.80; $2.80/$2.50 = 112%, so new index value is 112 When an index has been normalized in this manner, the meaning of the number 112, for instance, is that the total cost for the basket of goods is 4% more in 2001 than in the base year (in this case, year 2000), 8% more in 2002, and 12% more in 2003.