Usually means: Aggregated measure of diverse components.
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We found 4 dictionaries that define the word composite index:

General (2 matching dictionaries)
  1. composite index: Dictionary.com
  2. Composite index (database), Composite index: Wikipedia, the Free Encyclopedia

Business (2 matching dictionaries)
  1. Composite Index, Composite index: Investopedia

Definitions from Wikipedia (Composite index)

noun:  A database composite index or multi-column index is an index that is based on several columns.
noun:  The composite index or composite indicator (abbreviated as c-score) "An interesting approach to address some of these concerns was proposed by John Ioannidis and his colleagues (Ioannidis 2022; Ioannidis et al. 2016, 2019, 2020).

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