Tests for an ideal index number, Mathematics

Assignment Help:

Tests for an Ideal Index Number

1. Factor Reversal Test

Factor Reversal Test indicates that when the price index is multiplied along with a quantity index that is factors are reversed, it should result in the value index.

2. The time reversal test

If we reverse the time subscripts of a quantity or price index, the result must be reciprocal of the original index.

 


Related Discussions:- Tests for an ideal index number

Joey participated-a-thon how many hours did joey team dance, Joey participa...

Joey participated within a dance-a-thon. His team begin dancing at on Friday 10 A.M. and stopped at 6 P.M. on Saturday. How many hours did Joey's team dance? From 10 A.M. Frida

Explain what is symmetry in maths, Symmetry Definition : A line of sy...

Symmetry Definition : A line of symmetry divides a set of points into two halves, each being a reflection of the other. Each image point is also a point of the set. Defin

Properties of reflection, explain under a reflection the image is laterally...

explain under a reflection the image is laterally inverted.

Show that a, If the roots of the equation (b-c)x 2 +(c-a)x +(a-b) = 0 are ...

If the roots of the equation (b-c)x 2 +(c-a)x +(a-b) = 0 are equal show that a, b, c are in AP. Ans:    Refer sum No.12 of Q.E. If (b-c)x 2 + (c-a) x + (a-b) x have equ

How many can speak both english and russian, In a group of 1000 people, the...

In a group of 1000 people, there are 750 people will speak English and 400 people will speak Russian. How many may speak English only? How many will speak Russian? How many can spe

Solving Trig Equations, How would you solve the equation: 1+ sin(theta)= 2 ...

How would you solve the equation: 1+ sin(theta)= 2 cos^2(theta)?

Evaluate algebraic word problems, Evaluate algebraic word problems: A ...

Evaluate algebraic word problems: A utility has three nuclear facilities which supply a total of 600 megawatts (Mw) of electricity to a particular area.  The largest facility

Functions of limits, Following is some more common functions that are "nice...

Following is some more common functions that are "nice enough". Polynomials are nice enough for all x's. If f ( x) = p ( x ) /q (x ) then f(x) will be nice enough provid

Number sentences, when i couulate the formula f 64 divided by 65 how do i d...

when i couulate the formula f 64 divided by 65 how do i do this

Maths Assignment, Hi, I really need an idea and a layout on where i should ...

Hi, I really need an idea and a layout on where i should take my Maths assignment. This is for Year 12, and i want to focus on Maths in Music. It has to be at least 6 to 12 pages l

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd