index number
- noun
- /ˈɪndɛks ˈnʌmbər/
- Specialized
- Second, we multiply the base period price (1982-1984) by the index number for the most recent year available.
- Price index number
- use index numbers
- index-number trend
Examples
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Look at the index number for the year 1914.
Academic text (1992) -
To facilitate the comparison, these data are presented as index numbers standardized on their mean values in 1992.
Academic text (2011) -
Now, look at the index number of 1990.
Academic text (1992) -
First, we divide the historic price by its index number.
Academic text (1992) -
However, when we use index numbers to convert it to its 1991 equivalent of $503,731, the figure becomes much more interesting.
Academic text (1992) -
In contrast to ratio analysis, this study is unique in that it uses an index-number approach to analyze financial trends.
Academic text (1993) -
Index numbers can be used to convert historic prices to present-day equivalents.
Academic text (1992) -
The case bears index number CV 12-00987 CRB.
Blog text (16) -
Under an index-number analysis, Bernstein (1983, 70-71) selects a base year that will have an index value of 100.
Academic text (1993) -
The closer a school's diversity index number is to 1, the more diverse the student population is.
Synonyms
A number that shows how something changes, like prices or pollution
A number that shows how a situation changes over time
A number that shows how a situation or trend changes over time
Surface Forms
Morphology
The meaning 'a statistical numeric indicator' is directly derivable from combining 'index' (an indicator or measure) with 'number' (a numeric value); the phrase simply names a numeric indicator and follows a straightforward noun–noun composition. This construction and concept are cross-linguistically common in statistics and therefore should be understandable to a B1 learner who knows both constituent words.
Etymology
The term index number comes from the words index (a pointer or list) and number. Imagine a finger pointing to one number on a chart that shows how prices go up or down. That's why an index number is a single number you use to 'compare' and see 'changes' over time or between places.