MLchartDataset catalogue

Chained index

Term · Economic statistics · MLC-T-ECS-000275

Index such that its value in any given period is related to the value in the immediately preceding period.

Note: The benefits of chaining over a fixed base include a better reflection of (1) changing economic conditions, (2) technological progress, and (3) spending patterns, as well as a suitable means for handling items that are not traded every month in which the index is calculated.

Table 1. Record
IdentifierMLC-T-ECS-000275
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000275",
  "term": "Chained index",
  "field": "Economic statistics",
  "definition": "Index such that its value in any given period is related to the value in the immediately preceding period.\n\nNote: The benefits of chaining over a fixed base include a better reflection of (1) changing economic conditions, (2) technological progress, and (3) spending patterns, as well as a suitable means for handling items that are not traded every month in which the index is calculated.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/chained-index/"
}

Record 275 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.