Which one of the following indices satisfies both time reversal and factor reversal tests?
Tap an option to check your answer.
1 mark, −0.33StatisticsIndex numbers and time-series basicsProperties and tests of index numbersModerateabout 1 min
UoH 2016 Question 82: Index numbers and time-series basics
Answer and worked solution
Checking your account…
Index numbers and time-series basics has come up 25 times in 6 exams since 2006.
What this question tests
This question is on Properties and tests of index numbers, part of Index numbers and time-series basics in Statistics.
Checking an index against desirable properties and comparing the main indices.
TestStop has 7 past-paper questions on this subtopic.
Similar questions from other papers
- Which one of the following statements is CORRECT in the context of price indices?
- Match List-I (Categories of Time Series Patterns) with List-II (Their meaning): List-I: (A) Seasonal Variation; (B) Random Fluctuation; (C) Business Cycles; (D) Trends.…
- In March 2023 the consumer price index (CPI) of a country with a 1982 base index of 100 was 234.7. This means the cost of purchasing the market basket of goods and…
- The Fisher's Price Index is the ................of Laspeyre’s and Paasche’s price index numbers.
- We consider Fisher’s index as an ideal index because it satisfies:
Question from the UoH 2016 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.