Section outline

  • By the end of this axis the student will be able to 

     

    o    Define index numbers and their purpose.

    o    Explain how index numbers track changes over time or across regions.

    o    Calculate simple and weighted index numbers for given data.

    o    Compare different types of index numbers and their interpretations.

    o    Assess the reliability and usefulness of an index number in a real-world context.:

    o    Construct an index number to illustrate changes in a selected variable or sector.