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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.
find the newton raphson iterative formula for a reciprocal of a number N and hence find the value of 1/23
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log6 X + log6 (x-5) = 1
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