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

Estimate the temperature, The temperature at midnight was 4°F. Through 2 A....

The temperature at midnight was 4°F. Through 2 A.M. it had dropped 9°F. What was the temperature at 2 A.M.? If the temperature is only 4° and drops 9°, it goes below zero. It d

Coordinate geometry, find the points on y axis whose distances from the poi...

find the points on y axis whose distances from the points A(6,7) and B(4,-3) are in the ratio 1:2

Describe adding and subtracting fractions in details, Describe Adding and S...

Describe Adding and Subtracting Fractions in details? To add or subtract fractions, here are some steps: 1. Find the lowest common denominator (LCD) or any common denominato

Straight Line, can i known the all equations under this lesson with explana...

can i known the all equations under this lesson with explanations n examples. please..

Number sentences, when i couulate the formula f 64 divided by 65 how do i d...

when i couulate the formula f 64 divided by 65 how do i do this

Taylor series - series solutions to differential equations, Once we get out...

Once we get out of the review, we are not going to be doing a lot with Taylor series, but they are a fine method to get us back into the swing of dealing with power series. Through

Determine the total area of the land, John is planning to buy an irregularl...

John is planning to buy an irregularly shaped plot of land. Referring to the diagram, determine the total area of the land. a. 6,400 m 2 b. 5,200 m 2 c. 4,500 m 2 d.

Ratios, 450 students. if there are 50 more boys than girls, how many boys a...

450 students. if there are 50 more boys than girls, how many boys and girls are there?

Math.., how many sixs are in 60

how many sixs are in 60

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