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

Postage stamp problem, Explain Postage Stamp Problem solving tehcnique? Wha...

Explain Postage Stamp Problem solving tehcnique? What is Postage Stamp Problem?

Obligatory application and interpretation problem, Obligatory application/i...

Obligatory application/interpretation problem : Next, we need to do our obligatory application/interpretation problem so we don't forget about them. Example : Assume that the

If 6 more black balls are put in the box find x, A box contains 12 balls ou...

A box contains 12 balls out of which x are black. If one ball is drawn at random from the box, what is the probability that it will be a black ball? If 6 more black balls are put i

Chanllenge, a pizza driver delivered 27 pizzas in one night he delivered mo...

a pizza driver delivered 27 pizzas in one night he delivered more then one pizza to only one house . every other house he only delivered pizza to 18 houses . how many pizzas did he

Decimals, what is 0.875 of 2282?

what is 0.875 of 2282?

Solve out the linear equations, Solve out each of the following equations. ...

Solve out each of the following equations.                3( x + 5)= 2 ( -6 - x ) - 2x Solution In the given problems we will explained in detail the first problem and t

Expected value of perfect information, Expected Value of Perfect Informatio...

Expected Value of Perfect Information In the above problems we have used the expected value criterion to evaluate the decisions under the conditions of risk. But, as long as un

How much will she owe the fabulous fence company, Kelly plans to fence in h...

Kelly plans to fence in her yard. The Fabulous Fence Company charges $3.25 per foot of fencing and $15.75 an hour for labor. If Kelly requires 350 feet of fencing and the installer

Evaluate the volume of a ball, Evaluate the volume of a ball whose radius i...

Evaluate the volume of a ball whose radius is 4 inches? Round to the nearest inch. (π = 3.14) a. 201 in 3 b. 268 in 3 c. 804 in 3 d. 33 in 3 b. The volume of a

Trignometric Equations, Equation for the given intervaks in the intervaks, ...

Equation for the given intervaks in the intervaks, giving ypout answer correct to 0.1 1.sin x = 0.8 0 2. cos x =-0.3 -180 3.4cos theta- cos theta=2 0 4. 10tan theta+3=0 0

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