Once the process is complete, the resulting index value may be an odd and unmemorable number such as 6,873. This would be assigned an index divisor like 68.73 or 6.873 to bring the trackable value ...

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to ...

Index number. A way to standardize the price changes of goods that have much different prices. For example, a consumer price index might be represented by a shopping cart of goods.