Mathematics · Index Numbers
Consider the following statements regarding tests of index numbers: I. The Circular Test is a generalization of the Time Reversal Test. II. The Circular Test is satisfied by Kelly's fixed-weight index method. III. Fisher's ideal index does not satisfy the Circular Test. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2I, II and III✓
- 3I and II only
- 4II and III only
Correct answer
I, II and III
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