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All superlative indices produce similar results and are generally the favored formulas for calculating price indices. [14] A superlative index is defined technically as "an index that is exact for a flexible functional form that can provide a second-order approximation to other twice-differentiable functions around the same point." [15]
The ideal gas equation can be rearranged to give an expression for the molar volume of an ideal gas: = = Hence, for a given temperature and pressure, the molar volume is the same for all ideal gases and is based on the gas constant: R = 8.314 462 618 153 24 m 3 ⋅Pa⋅K −1 ⋅mol −1, or about 8.205 736 608 095 96 × 10 −5 m 3 ⋅atm⋅K ...
Price indices are represented as index numbers, number values that indicate relative change but not absolute values (i.e. one price index value can be compared to another or a base, but the number alone has no meaning). Price indices generally select a base year and make that index value equal to 100.
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
Mass fraction can also be expressed, with a denominator of 100, as percentage by mass (in commercial contexts often called percentage by weight, abbreviated wt.% or % w/w; see mass versus weight). It is one way of expressing the composition of a mixture in a dimensionless size ; mole fraction (percentage by moles , mol%) and volume fraction ...
The dispersity (also known as the polydispersity index) of a sample is defined as M w divided by M n and gives an indication just how narrow a distribution is. [ 2 ] [ 3 ] The most common technique for measuring molecular mass used in modern times is a variant of high-pressure liquid chromatography (HPLC) known by the interchangeable terms of ...
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Each index measures price changes from a reference period defined to equal 100.0. Currently, some PPIs have an index base set at 1982 = 100, while the remainder have an index base that corresponds with the month prior to the month that the index was introduced. BLS measures price change in relation to that figure.