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

Solid mensuration., assuming that the earth''s sphere with a radius of 6400...

assuming that the earth''s sphere with a radius of 6400 km.. find the distance along a 3 degree arc at the equator of the earth''s surface?

Example of cartesian coordinate graph, Example of Cartesian coordinate Grap...

Example of Cartesian coordinate Graph: Example:   The temperature of water flowing in a high pressure line was measured at regular intervals.  Plot the subsequent recorded da

Probability, the probability that an account officer will pass her exam is ...

the probability that an account officer will pass her exam is 5/9. if she pass,the probability that she will be promoted is 3/4. she is not promoted if she fails her professional e

Magnitude, find the magnitude of the following vectors:5i+7j

find the magnitude of the following vectors:5i+7j

What is the prime factorization of 84, What is the prime factorization of 8...

What is the prime factorization of 84? This is the only answer choice which has only PRIME numbers. A prime number is a number along with two and only two distinct factors. In

Sum of their areas is given find radii of the two circles, Two circles touc...

Two circles touch externally. The sum of their areas is 58 π cm 2 and the distance between their centres is 10 cm. Find the radii of the two circles. (Ans:7cm, 3cm) Ans:

What is larry''s salary after the raise, Larry earned $32,000 per year. The...

Larry earned $32,000 per year. Then he received a (3)1/4% rise. What is Larry's salary after the raise? If Larry earns a (3) 1/4 % (or 3.25%) raise, he will earn 103.25% of his

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