How Do You Spell INDEX NUMBER?

Pronunciation: [ˈɪndɛks nˈʌmbə] (IPA)

The spelling of the word "index number" is straightforward once you understand the pronunciation. In IPA phonetic transcription, it is /ˈɪndɛks ˈnʌmbə/. The "ind" is pronounced as in "indigo," the "eks" is pronounced as in "exit," and the "numb" is pronounced as in "number." The accent is on the first syllable, and the "er" sound is not included in the pronunciation. This is a useful term in mathematics, finance, and statistics, referring to a metric used to measure change or comparison between two sets of data.

INDEX NUMBER Meaning and Definition

1. An index number is a statistical measure used to compare changes over time for a specific variable or a group of variables. Also known as an index, it helps to quantify and analyze the relative changes in a particular phenomenon or set of data points. The index number is calculated by comparing the value of a variable in a given period (usually referred to as the base period) to its value in subsequent periods.

   Typically expressed as a ratio or percentage, an index number allows for the easy comparison of data across different time periods. By assigning a value of 100 to the base period, changes relative to the base period can be easily calculated. Index numbers help to standardize and simplify complex data, making it easier to interpret and analyze trends.

   The use of index numbers is prevalent in various fields, including economics, finance, and statistics. They can be used to measure inflation rates, economic growth, stock prices, consumer confidence, and other key indicators. By tracking changes in index numbers over time, analysts can identify trends, make forecasts, and gauge the overall health of a particular variable or market.

   In summary, an index number is a statistical tool that provides a standardized way of comparing changes in a variable or a set of variables over time. It simplifies complex data and enables meaningful analysis by assigning a value relative to a base period and measuring subsequent variations.

Common Misspellings for INDEX NUMBER

• undex number
• jndex number
• kndex number
• ondex number
• 9ndex number
• 8ndex number
• ibdex number
• imdex number
• ijdex number
• ihdex number
• insex number
• inxex number
• incex number
• infex number
• inrex number
• ineex number
• indwx number
• indsx number
• inddx number

Etymology of INDEX NUMBER

The word "index" originated from Latin "index" which means "a discoverer, informer, sign, or token". It is derived from the verb "indicare" meaning "to point out or indicate".

The word "number" has its roots in the Latin word "numerus" meaning "a counting" or "a number".

When these two words are combined to form "index number", it refers to a statistical measure that represents the relative change or level of a variable over time.

Similar spelling words for INDEX NUMBER

• index finger,
• index case.