Marshall & Swift Equipment Cost Index was created to make comparisons between two former quarters or years. Index comparisons are developed by dividing the index for the date for which a cost is desired by the index for the date of the known cost and multiplying the resulting factor by the known cost. The Marshall & Swift Equipment Cost Indexes are based on a national average for 47 different industries. A cost index is made up of a market basket of equipment and indicates the general direction in which equipment costs are moving. They represent an estimate of the trends in installed equipment costs from 1914 to date.
Marshall & Swift/Boeckh
Marshall and Swift, "Marshall and Swift Equipment Cost Index (Q12015)"(2014). Cost Indexes. Paper 2.
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