Can someone explain this to me a little more. I understand what it is and how it's used in the DJIA calculation, but what I don't understand is:
1. What determines when it gets adjusted?
2. How often it gets adjusted?
Couldn't this variable number be used to drive up (or down) the average even if the economy was struggling? I guess what I'm trying to understand is couldn't whoever adjusts the divisor manipulate the DJIA if they wanted to based on this number?
Sorry if this is a stupid question.
1. What determines when it gets adjusted?
2. How often it gets adjusted?
Couldn't this variable number be used to drive up (or down) the average even if the economy was struggling? I guess what I'm trying to understand is couldn't whoever adjusts the divisor manipulate the DJIA if they wanted to based on this number?
Sorry if this is a stupid question.

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