index number(redirected from Base Value)
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A number indicating change in magnitude, as of price, wage, employment, or production shifts, relative to the magnitude at a specified point usually taken as 100.
(Statistics) statistics a statistic indicating the relative change occurring in each successive period of time in the price, volume, or value of a commodity or in a general economic variable, such as the price level, national income, or gross output, with reference to a previous base period conventionally given the number 100
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|Noun||1.||index number - a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time|
fact - a statement or assertion of verified information about something that is the case or has happened; "he supported his argument with an impressive array of facts"
BMI, body mass index - a measure of someone's weight in relation to height; to calculate one's BMI, multiply one's weight in pounds and divide that by the square of one's height in inches; overweight is a BMI greater than 25; obese is a BMI greater than 30
business index - a statistical compilation that provides a context for economic or financial conditions; "this business index is computed relative to the base year of 2005"
leading indicator - one of 11 indicators for different sections of the economy; used by the Department of Commerce to predict economic trends in the near future
price index, price level - an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
short account - the aggregate of short sales on an open market