Which pair of tests is satisfied by Fisher's ideal index?
Correct answer: B. Time reversal and factor reversal tests
- A. Unit and circular tests
- B. Time reversal and factor reversal tests
- C. Fixed base and chain tests
- D. Trend and proportionality tests
Explanation
Fisher's ideal index satisfies both the time reversal test and the factor reversal test. These properties are major reasons it is regarded as an ideal index number.
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