How Impact factor of Journal is calculated ?

In a given year, the impact factor of a journal is the average number of citations received per paper published in that journal during the two preceding years. For example, if a journal has an impact factor of 3 in 2008, then its papers published in 2006 and 2007 received 3 citations each on average. The 2008 impact factor of a journal would be calculated as follows:

A = the number of times articles published in 2006 and 2007 were cited by indexed journals during 2008
B = the total number of "citable items" published by that journal in 2006 and 2007. ("Citable items" are usually articles, reviews, proceedings, or notes; not editorials or Letters-to-the-Editor.)

2008 impact factor = A/B.

New journals, which are indexed from their first published issue, will receive an impact factor after two years of indexing; in this case, the citations to the year prior to Volume 1, and the number of articles published in the year prior to Volume 1 are known zero values. Journals that are indexed starting with a volume other than the first volume will not get an impact factor until they have been indexed for three years.
Annuals and other irregular publications sometimes publish no items in a particular year, affecting the count. The impact factor relates to a specific time period; it is possible to calculate it for any desired period, and the Journal Citation Reports (JCR) also includes a 5-year impact factor.The JCR shows rankings of journals by impact factor, if desired by discipline, such asorganic chemistry or psychiatry,pharmacology.

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