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Fisher’s ideal formula for calculating index number satisfies the _______:
- a)Unit Test
- b)Factor reversal test
- c)Both (a) & (b)
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
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Fisher’s ideal formula for calculating index number satisfies th...
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- c)Both (a) & (b)
Normally, the following inequality holds;
Laspeyres >= Fisher >= Paasche. Fisher formula is called ideal formula in a sense that the time reversal test and the factor reversal test are satisfied. This formula is used in the case when prices and quantities at the base and the observation period are quite different.
Fisher's index number does not satisfy Circular test
. All methods, except simple aggregative method, assuage by unit test.
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Fisher’s ideal formula for calculating index number satisfies th...
Fisher may refer to:
1. A person who catches fish for a living
2. Carrie Fisher, an American actress and writer known for her role as Princess Leia in the Star Wars franchise
3. Fisher, a surname commonly used in English-speaking countries
4. Fisher (animal), a small mammal that belongs to the weasel family
5. Fisher, a brand of audio equipment and speakers
6. Fisher's exact test, a statistical test used to analyze contingency tables with small sample sizes.
1. A person who catches fish for a living
2. Carrie Fisher, an American actress and writer known for her role as Princess Leia in the Star Wars franchise
3. Fisher, a surname commonly used in English-speaking countries
4. Fisher (animal), a small mammal that belongs to the weasel family
5. Fisher, a brand of audio equipment and speakers
6. Fisher's exact test, a statistical test used to analyze contingency tables with small sample sizes.
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Fisher’s ideal formula for calculating index number satisfies the _______:a)Unit Testb)Factor reversal testc)Both (a) & (b)d)None of theseCorrect answer is option 'C'. Can you explain this answer?
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