Calculate Fisher's Ideal Index from the following data and prove that it satisfies both the time reversal and factor reversal tests: 1993 1994 Commodities Price Value Price Value A 8 80 10 120 в 10 120 12 96 5 40 5 50 D 4 56 3 60 E 20 100 25 150

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Calculate Fisher's Ideal Index from the following data and prove that it satisfies both
the time reversal and factor reversal tests:
1993
1994
Commodities
Price
Value
Price
Value
A
8
80
10
120
10
120
12
96
5
40
5
50
D
4
56
3
60
E
20
100
25
150
Transcribed Image Text:Calculate Fisher's Ideal Index from the following data and prove that it satisfies both the time reversal and factor reversal tests: 1993 1994 Commodities Price Value Price Value A 8 80 10 120 10 120 12 96 5 40 5 50 D 4 56 3 60 E 20 100 25 150
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