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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."
Some indices display market variations. [definition needed] For example, the Economist provides a Big Mac Index that expresses the adjusted cost of a globally ubiquitous Big Mac as a percentage over or under the cost of a Big Mac in the U.S. in USD. [4] Such indices can be used to help forecast currency values. [citation needed]
Seventh grade (also 7th Grade or Grade 7) is the seventh year of formal or compulsory education. The seventh grade is typically the first or second year of middle school. In the United States, kids in seventh grade are usually around 12–13 years old. Different terms and numbers are used in other parts of the world.
Stock market indices may be categorized by their index weight methodology, or the rules on how stocks are allocated in the index, independent of its stock coverage. For example, the S&P 500 and the S&P 500 Equal Weight each cover the same group of stocks, but the S&P 500 is weighted by market capitalization, while the S&P 500 Equal Weight places equal weight on each constituent.
Other commodity indices include the Reuters / CRB index (which is the old CRB Index re-structured in 2005) and the Rogers Index. In 2005 Gary Gorton (then of Wharton) and Geert Rounwehorst (of Yale) published "Facts and Fantasies About Commodities Futures", which pointed out relationships between a commodities index and the stock market, and ...
Year 7 is an educational year group in schools in many countries including England, Wales, Australia and New Zealand. It is the seventh full year (or eighth in Australia and England) of compulsory education and is roughly equivalent to grade 6 in the United States and Canada (or to grade 7 for the Australian Year 7). Children in this year are ...