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A vector treated as an array of numbers by writing as a row vector or column vector (whichever is used depends on convenience or context): = (), = Index notation allows indication of the elements of the array by simply writing a i, where the index i is known to run from 1 to n, because of n-dimensions.
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 ( ). These tell the relative change of the price in question. Two of the most commonly used price index formulae were defined by German economists and ...
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 ...
Index (statistics) 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] Indexes – also known as composite indicators – summarize and rank specific observations.
In optics, the refractive index (or refraction index) of an optical medium is a dimensionless number that gives the indication of the light bending ability of that medium. Refraction of a light ray. The refractive index determines how much the path of light is bent, or refracted, when entering a material. This is described by Snell's law of ...
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.
In mathematics, the winding number or winding index of a closed curve in the plane around a given point is an integer representing the total number of times that the curve travels counterclockwise around the point, i.e., the curve's number of turns. For certain open plane curves, the number of turns may be a non-integer.
A consumer price index ( CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. [1] The CPI is calculated by using a representative basket of goods and services. The basket is updated periodically to reflect changes ...
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