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

Solving a system of 2 equations addition-subtraction method, Solving a Syst...

Solving a System of 2 Equations Using the Addition/Subtraction Method To solve a system of linear equations using the addition/subtraction method, both equations should first b

Linear functions, Linear functions are of the form: y = a 0 ...

Linear functions are of the form: y = a 0 + a 1 x 1 + a 2 x 2 + ..... + a n x n where a 0 , a 1 , a 2 ..... a n are constants and x 1 , x 2 ..... x n a

Fractions, if you have 1/5 of a candy bar and 4 friends how much will they ...

if you have 1/5 of a candy bar and 4 friends how much will they get

Cylindrical coordinates - three dimensional space, Cylindrical Coordinates ...

Cylindrical Coordinates - Three Dimensional Space Since with two dimensional space the standard (x, y, z) coordinate system is known as the Cartesian coordinate system.  In the

What is universal set, A non-empty set or group of which all the sets under...

A non-empty set or group of which all the sets under concern are subsets is known as the universal set. In any part of application of set theory, all the sets under concern might l

Permatuation and combination problem, How may six digit numbers can be made...

How may six digit numbers can be made in which the sum of the digits is even? Ans = 9*10*10*10*10*5

Produce the individual answers and the insights in maths, It is difficult t...

It is difficult to produce the individual answers and the insights that they were providing. But, let's look at some broad patterns that we found, which are similar to those that o

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