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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]
Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In contrast to a cost-of-living index based on the true but unknown utility function, a superlative index number is an index number that can be calculated. [1]
For example, a Törnqvist index summarizing labor input may weigh the growth rate of the hours of each group of workers by the share of labor compensation they receive. [7] The Törnqvist index is a superlative index, meaning it can approximate any smooth production or cost function. "Smooth" here means that small changes in relative prices for ...
The complementary index scores are the Naming Speed Index (NSI), designed to measure rapid automatized naming, and the Symbol Translation Index, designed to measure visual-verbal associative memory, which is sometimes termed visual-verbal paired associate learning in the published literature (Wechsler, 2014).
The most recent edition, the 7th, is available in a printed form as well as freely downloadable as PDFs in English and Spanish. ePub and PDF eBook formats are also available at [2] . Sometimes referred to as "the Bible" [ 1 ] of psychometricians and testing industry professionals, these standards represent operational best practice is validity ...
In Estonian, the superlative form can usually be formed in two ways. One is a periphrastic construction with kõige followed by the comparative form. This form exists for all adjectives. For example: the comparative form of sinine 'blue' is sinisem and therefore the periphrastic superlative form is kõige sinisem.
The automated readability index (ARI) is a readability test for English texts, designed to gauge the understandability of a text. Like the Flesch–Kincaid grade level, Gunning fog index, SMOG index, Fry readability formula, and Coleman–Liau index, it produces an approximate representation of the US grade level needed to comprehend the text.
The Coleman–Liau index is a readability test designed by Meri Coleman and T. L. Liau to gauge the understandability of a text. Like the Flesch–Kincaid Grade Level, Gunning fog index, SMOG index, and Automated Readability Index, its output approximates the U.S. grade level thought necessary to comprehend the text.