Cryptocurrency Q&A
What is the formula of simple index?
What is the formula of simple index?
GinsengGlory
Sat Oct 12 2024
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7 answers
1770
I'm trying to recall the formula for a simple index. Could someone please remind me of the specific calculation or expression used to determine a simple index?
7 answers
Alessandro
Sun Oct 13 2024
The calculation of an index number (P) involves a straightforward mathematical process.
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KimonoGlitter
Sun Oct 13 2024
This division yields a ratio that reflects the relative change in the overall value of the commodities from the base year to the current year.
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CryptoTrader
Sun Oct 13 2024
To convert this ratio into an index number, it is multiplied by 100.
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CherryBlossomDancing
Sun Oct 13 2024
The first step is to determine the total value of all commodities under consideration in the current year, represented as P1.
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ShintoSanctuary
Sun Oct 13 2024
Parallelly, the total value of the same commodities in the base year, denoted as P0, must be ascertained.
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