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

Definition of limit, Definition of limit : Consider that the limit of f(x)...

Definition of limit : Consider that the limit of f(x) is L as x approaches a & write this as provided we can make f(x) as close to L as we desire for all x adequately clos

How long will it take her to save $350, Each week Jaime saves $25. How long...

Each week Jaime saves $25. How long will it take her to save $350? Divide $350 by $25; 350 ÷ 25 = 14 weeks.

Introduction to knowing your maths learner, INTRODUCTION : The other day I...

INTRODUCTION : The other day I overheard 6-year-old Ahmed explaining to his older sister about why swallowing the seeds of an orange is harmful. He said, "The seed will become a p

Determine the team having similar code-pigeon hole principle, Shirts number...

Shirts numbered consecutively from 1 to 20 are worn by 20 members of a bowling league. While any three of these members are selected to be a team, the league aims to use the sum of

Expected value, Expected Value For taking decisions under conditions of...

Expected Value For taking decisions under conditions of uncertainty, the concept of expected value of a random variable is used. The expected value is the mean of a probability

Polynomial time algorithm - first order query, For queries Q 1 and Q 2 , w...

For queries Q 1 and Q 2 , we say Q 1 is contained in Q 2 , denoted Q 1 ⊆ Q 2 , iff Q 1 (D) ⊆ Q 2 (D) for every database D. The container problem for a fixed Query Q 0 i

Semi-infinite slab solution in fourier number, Consider the temperature dis...

Consider the temperature distribution in a 1D flat plate, insulated at x = L and exposed to convective heat transfer at x = 0. On the axes below, sketch what the distribution looks

Projects, maths projects for class 11

maths projects for class 11

What is the square root of -i and argument of -i, What is the square root o...

What is the square root of -i and argument of -i Ans) argument of -i is 270 ad 1 is the square root of -i

Dimensions and degree of an expression, Binomials, Trinomials and P...

Binomials, Trinomials and Polynomials which we have seen above are not the only type. We can have them in a single variable say 'x' and of the form x 2 + 4

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