Mathematics · Index Numbers
Which index number formula is considered the 'Ideal Index Number' by economists because it satisfies both the Time Reversal and Factor Reversal tests?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Dorbish–Bowley Index
- 2Fisher's Ideal Index✓
- 3Paasche Index
- 4Laspeyres Index
Correct answer
Fisher's Ideal Index
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