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Chartreux cats are also known for their "smile"; due to the structure of their heads and their tapered muzzles, they often appear to be smiling. Chartreux are exceptional hunters and are highly prized by farmers. As for every French cat with a pedigree, the first letter of the official name of a Chartreux cat encodes the year of its birth. [1]
The beverage soon became popular, and in 1764 the monks adapted the elixir recipe to make what is now called the "Elixir Végétal de la Grande Chartreuse". [6] In 1793, the monks were expelled from France along with all other religious orders and manufacture of the liqueur ceased. A copy of the manuscript was made and kept at the monastery.
Price indices are represented as index numbers, number values that indicate relative change but not absolute values (i.e. one price index value can be compared to another or a base, but the number alone has no meaning). Price indices generally select a base year and make that index value equal to 100.
Unweighted, or "elementary", price indices only compare prices of a single type of good between two periods. They do not make any use of quantities or expenditure weights. They are called "elementary" because they are often used at the lower levels of aggregation for more comprehensive price indices. [2]
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]
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
Price points A, B, and C, along a demand curve (where P is price and Q represents demand) In economics, a price point is a point along the demand curve at which demand for a given product is supposed to stay relatively high. The term "price point" is often used incorrectly to refer to a price. [1]
There is a substantial body of economic analysis concerning the construction of index numbers, desirable properties of index numbers and the relationship between index numbers and economic theory. [ citation needed ] A number indicating a change in magnitude, as of price, wage, employment, or production shifts, relative to the magnitude at a ...