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85. an index number formula is said to be satisfying cireuler test, if the value of pox pxp20 is equal to: pop x pao 5 artt bt (1) 1/2 (2) 2/2 (3 3/2 (4) 4/2 86
85. An Index Number formula is said to be satisfying cireuler test, if the value of Pox PxP20 is equal to: PoP x Pao 5 aRTT BT (1) 1/2 (2) 2/2 (3 3/2 (4) 4/2 86. Which of the following measures of central tendency wauld be the best lor preparing index numbers? (1) Arithmetic Mean (2) Geometric Mean (3) Harmonic Mean (4 Median (1} HHTT HJE4 (2) TTrT HT 3) 14) Hfeue
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Nidhi taparia
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85. The correct answer is (2). According to this, if indices are constructed for year one based on year zero, for year two based on year one and for year zero based on year two, the product of all the indices should be equal to 1. Symbolically P01 X P12 X P20 = 1
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Nidhi taparia![best-answer]()
86. The option (2) is correct. Geometric Mean is used to devise index numbers. In fact, Fisher's Index Number which is considered the ideal, is based on Geometric Mean.