Mathematics · Index Numbers
Which price index number formula satisfies both the Time Reversal Test and the Factor Reversal Test?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Laspeyres' index number
- 2Paasche's index number
- 3Fisher's ideal index number✓
- 4Bowley's index number
Correct answer
Fisher's ideal index number
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