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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.
Unit Normal Vector - Three Dimensional Space The unit normal vector is illustrated to be, N (t) = → T' (t) / (|| T → ' (t)||) The unit normal is orthogonal or normal or
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