SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Tests of Adequacy - Index Numbers, Business Mathematics and Statistics
Tests of Adequacy - Index Numbers, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Tests of Adequacy - Index Numbers, Business Mathematics and Statistics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is the purpose of tests of adequacy in index numbers? |  |
Ans. Tests of adequacy in index numbers are used to assess the reliability and accuracy of the index numbers. These tests help in determining whether the index numbers adequately represent the changes in the variables they are measuring. They ensure that the index numbers are a valid and useful tool for making economic and statistical inferences.
| 2. What are some commonly used tests of adequacy for index numbers? | |
Ans. Some commonly used tests of adequacy for index numbers include the time reversal test, factor reversal test, circular test, and statistical tests like the t-test and chi-square test. These tests help in evaluating the consistency, stability, and reliability of the index numbers by examining their properties and relationships.
| 3. How does the time reversal test assess the adequacy of index numbers? | |
Ans. The time reversal test is a test of adequacy that checks whether the index numbers produce similar results when the time series data is reversed. It involves reversing the order of the time series and recomputing the index numbers. If the reversed index numbers closely match the original index numbers, it indicates that the index numbers are adequate and reliable.
| 4. What is the purpose of the factor reversal test in evaluating index numbers? | |
Ans. The factor reversal test is used to assess the adequacy of index numbers by examining their sensitivity to changes in the weighting factors. It involves reversing the weights assigned to the variables and recomputing the index numbers. If the reversed index numbers deviate significantly from the original index numbers, it suggests that the index numbers are not adequately capturing the changes in the variables.
| 5. How can statistical tests like the t-test and chi-square test be used to evaluate the adequacy of index numbers? | |
Ans. Statistical tests like the t-test and chi-square test can be used to evaluate the adequacy of index numbers by comparing the observed values of the index numbers with the expected values. These tests help in determining whether the differences between the observed and expected values are statistically significant. If the test results show a significant deviation, it indicates that the index numbers may not adequately represent the changes in the variables.
Related Exams
About this Video
|
4.64/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: Tests of Adequacy - Index Numbers, Business Mathematics and Statistics for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Tests of Adequacy - Index Numbers, Business Mathematics and Statistics have been prepared according to the SSC CGL exam syllabus.
Information about Tests of Adequacy - Index Numbers, Business Mathematics and Statistics covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Tests of Adequacy - Index Numbers, Business Mathematics and Statistics.
Introduction of Tests of Adequacy - Index Numbers, Business Mathematics and Statistics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Tests of Adequacy - Index Numbers, Business Mathematics and Statistics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Tests of Adequacy - Index Numbers, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Tests of Adequacy - Index Numbers, Business Mathematics and Statistics
Here you can find the meaning of Tests of Adequacy - Index Numbers, Business Mathematics and Statistics defined & explained in the simplest way possible.
Besides explaining types of Tests of Adequacy - Index Numbers, Business Mathematics and Statistics theory, EduRev gives you an ample number of questions to practice Tests of Adequacy - Index Numbers, Business Mathematics and Statistics tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Online Tests
,Tests of Adequacy - Index Numbers
,Online Tests
,Previous Year
,mock tests for examination
,MCQs
,past year papers
,Semester Notes
,video lectures
,Viva Questions
,Summary
,ppt
,Tests of Adequacy - Index Numbers
,Sample Paper
,Important questions
,study material
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Previous Year Questions with Solutions
,Tests of Adequacy - Index Numbers
,Free
,Previous Year
,Extra Questions
,Previous Year
,Online Tests
,Exam
,practice quizzes
,Objective type Questions
,shortcuts and tricks
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
;
Study Tests of Adequacy - Index Numbers, Business Mathematics and Statistics on the App
Students of SSC CGL can study Tests of Adequacy - Index Numbers, Business Mathematics and Statistics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Tests of Adequacy - Index Numbers, Business Mathematics and Statistics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Tests of Adequacy - Index Numbers, Business Mathematics and Statistics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup