There are different modes of variability: recurring patterns of temperature or other climate variables. They are quantified with different indices. Much in the way the Dow Jones Industrial Average, which is based on the stock prices of 30 companies, is used to represent the fluctuations in the stock market as a whole, climate indices are used to represent the essential elements of climate. Climate indices are generally devised with the twin objectives of simplicity and completeness, and each index typically represents the status and timing of the climate factor it represents. By their very nature, indices are simple, and combine many details into a generalized, overall description of the atmosphere or ocean which can be used to characterize the factors which impact the global climate system.