Index Number (Noun)
Meaning
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.
Classification
Nouns denoting communicative processes and contents.
Examples
- The economic indicator is the index number of the economy's performance over the past quarter.
- The professor carefully calculated the index number to understand how the company's stock price had changed over the years.
- Analysts use an index number to measure how a specific sector of the economy compares to the overall market.
- The research team used an index number to report on the relative poverty levels in different regions of the country.
- By tracking the index number of employees' average annual salary, management could see a significant increase in employee earnings over time.