Mathematics · Statistics
Fisher's method of calculating the index number is based on which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Weighted marginal utility of prices
- 2Harmonic mean of Laspeyres' and Paasche's index numbers
- 3Arithmetic mean of Laspeyres' and Paasche's index numbers
- 4Geometric mean of Laspeyres' and Paasche's index numbers✓
Correct answer
Geometric mean of Laspeyres' and Paasche's index numbers
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