MRVL News. 1  Wire. Headline. 2  SA Breaking News. Broadcom, Qualcomm, and Nvidia led Q2 IC design market. 3  Yahoo. See what the IHS Markit Score report has to say about Marvell Technology Group Ltd. 4  SA Breaking News. Marvell SATA SSD controller tops 50M shipments. 5  PR Newswire.
Price indexes have several potential uses. For particularly broad indices, the index can be said to measure the economy's general price level or a cost of living. More narrow price indices can help producers with business plans and pricing.
One way we could do this is by using descriptive statistics. Descriptive statistics are used to describe or summarize data in ways that are meaningful and useful. For example, it would not be useful to know that all of the participants in our example wore blue shoes.