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\nIntroduction to Index Numbers\n

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\n\nPublisher:\n\nCurated Video\n\n\n
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\nIn this video, the presenter discusses the mathematical concept of index numbers. He explains that index numbers are a technique for converting the value of a variable into a format that makes changes in a data series and comparisons...\nIn this video, the presenter discusses the mathematical concept of index numbers. He explains that index numbers are a technique for converting the value of a variable into a format that makes changes in a data series and comparisons with other data series easier. He also highlights the importance of selecting a base year when converting data into an index format, and demonstrates how to calculate index numbers for different years. He shares an example of how converting data into an index format can simplify the process of comparing data. Finally, he discusses how to calculate percentage changes for index numbers, and offers assessment material to help viewers practice working with index numbers.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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9:12
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, index, numbers, series, data, values
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Additional Tags

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a-level, lectures, macro, quant, 2.3, index number, directly measured, stock markets, base shear, real gdp, big numbers, data series, base year, index format, percentage change, format, number, percentage, year, price, actual, easier, difficult, start, capita, show, understand, convert, begin, couple
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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