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

Technical coefficients - linear algebra and matrices, I didn't understand t...

I didn't understand the concept of Technical Coefficients, provide me assistance.

Continuous uniform distribution, Continuous Uniform Distribution Consid...

Continuous Uniform Distribution Consider the interest earned on a bank deposit. Let X equal the value after the decimal point. (Assume no rounding off to the nearest paise.) Fo

How to subtract fractions with the same denominators, Q. How to Subtract fr...

Q. How to Subtract fractions with the same denominators? Ans. Subtracting fractions is basically the same as adding them. If you don't know how to add fractions, you shoul

Trigomometrical, ABCD is a rhombus. the sides of the rhombus are 8cm long ....

ABCD is a rhombus. the sides of the rhombus are 8cm long .one of its diagonals is 12cm .find the angels of the rhombus

Congruences, Suppose m be a positive integer, then the two integer a and b ...

Suppose m be a positive integer, then the two integer a and b called congurent modulo m ' if a - b is divisible by m i.e.  a - b = m where is an positive integer. The congru

Algebra function., problem to understand an problem; f(X-2)=X+3 / X-4

problem to understand an problem; f(X-2)=X+3 / X-4

Factoring polynomials with higher degree, Factoring Polynomials with Degree...

Factoring Polynomials with Degree Greater than 2 There is no one method for doing these generally.  However, there are some that we can do so let's take a look at a some exa

Shares and dividend, A man buys rs50 shares of a company paying 12% of divi...

A man buys rs50 shares of a company paying 12% of dividendat premium ofof rs10 find market value of 320 shares and profit%

Trapezoid rule - approximating definite integrals, Trapezoid Rule - Approxi...

Trapezoid Rule - Approximating Definite Integrals For this rule we will do similar set up as for the Midpoint Rule. We will break up the interval [a, b] into n subintervals of

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