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

Prove that three times the sum of the squares, Prove that three times the s...

Prove that three times the sum of the squares of the sides of a triangle is equal to four times the sum of the squares of the medians of the triangle. Ans:    To prove 3(AB 2

How to calculate arithmetic average or mean, Q. How to calculate arithmetic...

Q. How to calculate arithmetic average or mean? Ans. When people collect information, or data, they can easily be overwhelmed with information. Just imagine listing the b

Mean deviation, is that formula of sample and population for mean deviation...

is that formula of sample and population for mean deviation is the same?

Determine the probability of given question, Q. Assume a birthday is equall...

Q. Assume a birthday is equally likely to occur in each of the 365 days. In a group of 30 people, what is the probability that no two have birthdays on the same day? Solution:

Java program for sorting algorithms, Introduction: In this project, yo...

Introduction: In this project, you will explore a few sorting algorithms. You will also test their efficiency by both timing how long a given sorting operation takes and count

Can religious wars be avoided in the future, To what extent do you think re...

To what extent do you think religious beliefs should justify war? How is this shown in "The Song of Roland"? Cite examples of how religious beliefs have led to war in the last two

Bill traveled 117 miles in 2.25 hours what was his average, Bill traveled 1...

Bill traveled 117 miles in 2.25 hours. What was his average speed? Use the formula d = rt (distance = rate × time). Substitute 117 miles for d. Substitute 2.25 hours for t and

Find out the surface area of the solid, Find out the surface area of the so...

Find out the surface area of the solid acquired by rotating y = √ (9-x 2 ), - 2 x 2 about the x-axis. Solution The formula that we'll be using here is, S = ∫ 2Πyds

Co-ordinate geometry, CO-ORDINATE GEOMETRY : Mathematics  is  the  tool  s...

CO-ORDINATE GEOMETRY : Mathematics  is  the  tool  specially suited  for  dealing with  abstract concepts  of any  kind  and there  is  no limit  to  its  power  in this  field.

If 967.234 is divided by 10 how will the decimal point move, If 967.234 is ...

If 967.234 is divided by 10, how will the decimal point move? It will move one place to the left. While dividing by multiples of 10, the decimal point is moved to the left acco

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