Economics · Statistics
Which of the following weighted index numbers is mathematically widely considered as the 'ideal index number' because it satisfies both the Time Reversal and Factor Reversal tests?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bowley's Index
- 2Paasche's Index
- 3Fisher's Ideal Index✓
- 4Laspeyres Index
Correct answer
Fisher's Ideal Index
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