Index numbers are a useful way of expressing economic data time series and comparing / contrasting information. Free. statistical However, percentage sign (%) is never used. Introduction to Index Number class 11 Notes Economics. o Index numbers are very useful in deflating. (ii) Statistics are affected by a number of factors. The value index number is not a very popular statistical tool. This is the first part of my lectures on statistics. Feeling generous? The index number is then expressed as 100 times the ratio to the base value. An index number is a figure reflecting price or quantity compared with a base value. Statistics >> Types of Index Numbers. The base value always has an index number of 100. USES OF INDEX NUMBERS o To framing suitable policies. Index number may be classified in terms of the variables that they measure. PoweredTemplate. Index numbers are also differentiated according to the number of commodities or products included in the comparison. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 10 Population The set of data (numerical or otherwise) corresponding to the entire collection of units about which information is sought . Looks like you’ve clipped this slide to already. Changes in the general level of prices can be measured by a statistical device known as ‘index number.’ Index number is a technique of measuring changes in a variable or group of variables with respect to time, geographical location or other characteristics. 'Price Index Number. • Choice of an average. INDEX NUMBERS PRESENTED BY- Deepak Khandelwal Prakash Gupta . Indexes – also known as composite indicators – summarize and rank specific observations. It is a key statistic for purposes of economic and social policy-making, especially monetary 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. APIdays Paris 2019 - Innovation @ scale, APIs as Digital Factories' New Machi... No public clipboards found for this slide, Student at Krantiguru Shyamji Krishna Verma Kachchh University, Kachchh. They are generally classified into three categories. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. 1-6 Mathematical statistics is the application of Mathematics to Statistics, which was originally conceived as the science of the state — the collection and analysis of facts about a country: its economy, and, military, population, and so forth. 58 Presentations PowerPoint … 5 PowerPoint Statistics to Think About and How to Make Powerpoint Presentation Attractive. 8 Data Statistical Tools Information. The most common index numbers are the price index numbers. Statistics is a meta-discipline in that it thinks about how to think about turning data into real-world insights. 11 Samples Sample Definition: A Subset of a population. Now customize the name of a clipboard to store your clips. 1. PoweredTemplate. Levels of Significance. Index number is a statistical measure of average change in a variable or a group of variables with respect to time or space. Simple Random Sample All samples of the same size are equally likely. 113 Driving Safety Free PowerPoint Template. Time series, forecasting, and index numbers, Chapter - 6 Data Mining Concepts and Techniques 2nd Ed slides Han & Kamber, Bills out money in: Best tips for getting paid for the work you do, No public clipboards found for this slide. • Choice of index. They study changes in the price level of commodities over a period of time. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. This tutorial will give you great understanding on concepts present in Statistics syllabus and after completing this preparation material you will be at intermediate level of experties from where you can take yourself at higher level of expertise. o They reveal trends and tendencies. Most people find ‘pictures’ much more helpful than ‘numbers’ in the sense that, in their opinion, they present data more meaningfully. In this lecture, I have explained index number meaning. 9 Population & Sample Population Sample. Is a measure that states the number of variables that can change within a statistical test. Index numbers are statistical measures designed to show changes in a variable or group of related variables with respect to time, geographic location or other characteristics such as income, profession, etc. Now customize the name of a clipboard to store your clips. There are different ways of construction of index numbers.In general, construction of index number is further available for the division in two parts: Simple and Weighted. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. Take the time to leave a review. GCSE Statistics - Basic Index Numbers. Statistic; A number that describes a sample characteristic. Question on Value Index Number. Wrong figures, if analysed, will lead to erroneous conclusions. CHAPTER 1: INTRODUCTION TO STATISTICS 3 student fidgeted. Download free Statistics PPT Backgrounds Statistics PowerPoint backgrounds is a free statistic background for statistics and business projects. Index numbers may be categorized in terms of the variables that they are planned to measure. SlideShare Explore Search You. The percentage are chained together by successive multiplication to form a series of chain index, in chain base year index method the base year changes from year to year . INDEX NUMBERS (Statistics Project ) - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Home; Explore; Successfully reported this slideshow. You can change your ad … There are several sources of 'official' statistics that contain index numbers for quantities such as food prices, clothing prices, housing, and wages. Index Numbers. 5 Random Sample Each member of the population has an equal chance of being selected. View and Download PowerPoint Presentations on Statistics Project PPT. Objective: master the skill of calculating basic index numbers (AO1), reason mathematically (AO2) and problem solve with worded problems and procedural fluency (AO3). Represents the number of independent observations in a sample. You can change your ad preferences anytime. Assign a number to each member of the population. 2002 gross income of people from a sample of three states. Preview and details Files included (2) flipchart, 136 KB. mathematical formulas numbers with context. Index Numbers chap in Business Mathematics explained in detail. If you continue browsing the site, you agree to the use of cookies on this website. 1. If you continue browsing the site, you agree to the use of cookies on this website. • Data collection. A collection of index numbers for different years, locations, etc., is sometimes called an index series. 4 (iii) Statistics must be reasonably accurate. Basic Index Number Theory A. Index number generally computed on annual basis. Statistics are part of your everyday life, and they are subject to interpretation. • Selection of commodities. Statistics as a meta-discipline advances when the methodological lessons and principles from a particular piece of work are abstracted and incorporated into a theoretical scaffold that enables them to be used on many other problems in many other places. 105 3D Number PowerPoint Template. It really helps :) All the best, Ben Hamilton. 210 Chart PowerPoint Template. Index numbers are expressed in terms of percentages. Find PowerPoint Presentations and Slides using the power of XPowerPoint.com, find free presentations research about Statistics Project PPT The variable may be the cost of commodity or goods. Simple Index Number. See our Privacy Policy and User Agreement for details. Clipping is a handy way to collect important slides you want to go back to later. The starter is lots of questions on percentages to prepare students for Index numbers and to assess students' prior knowledge. PoweredTemplate. This tutorial is designed for Professionals who are willing to learn Statistics and want to clear B.A., B.Sc., B.COM, M.COM and other exams. ... or 1,000 students give a class presentation and record the number of times each DEFINITION. A simple index , also known as a relative , is a comparison involving only one item but an index whose calculation is based on several items is known as an aggregate or composite index. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. PROBLEMS RELATED TO INDEX NUMBERS • Choice of the base period. Read about the role of an index number in economics and how index numbers can be applied to all kinds of data, such as inflation or productivity. Quantitative Aptitude & Business Statistics: Index Numbers 29 . View and Download PowerPoint Presentations on Statistics Lecture Notes PPT. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. PoweredTemplate. Clipping is a handy way to collect important slides you want to go back to later. PoweredTemplate. Is determined by the researcher. Calculated by n-1 ( sample size 1) 15. Find PowerPoint Presentations and Slides using the power of XPowerPoint.com, find free presentations research about Statistics Lecture Notes PPT They are of two types: (a) Wholesale Price Index Number. If you continue browsing the site, you agree to the use of cookies on this website. Statistics with Number of Deaths and Number of Recovered Patients Presentation. Upload; Login; Signup; Submit Search. Then the flipchart is just a few examples and explanations. Q: In a value index number, what is the test of consistency? 2 years are compared to see the changes in price. 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