Index number calculated by Fisher's formula is ideal because it satisfy:

Related MCQs

• Fishers price index number is the -------
• Which index number is called as ideal index number.
• Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:
• Weighted G.M. of relative formula satisfy test
• Index number for base year is always considered as------
• Index number is a special type of ----------
• A period for which index number is determined is called as ------
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• What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:
• The arithmetic mean of the marks obtained by 50 students was calculated as 44. It was later discovered that a score of 36 was misread as 56. Find the correct value of arithmetic mean of the marks obtained by the students.