Calculate Fisher's Ideal Index from the following data and prove that itsátisfies both the time reversal and factor reversal tests:20152016CommodtyPriceExpenditurePriceExpenditure1209650608010121012040561004325201,50ABCDE

We have given that Let p0 denotes the price in base year 2015 and q0 denotes the expenditure in…

Answered: culate Fisher's Ideal Index from the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Construct a Fisher's Ideal Index from the following data and show that it satisfies time reversal and factor reversal tests : 2013 2014 Items po P1 91 A 10 40 12 45 B 11 50 11 52 C 14 30 17 30 D 8 28 10 29 E 12 15 13 20
lustration 13.3. The price quotations for five different commo- dities for 1951 and 1965 are given below. Calculate index number for 1965 with 1951 as base by using the weighted average of price relatives. Commodities 1951 1955 Price per kgm Quantity kgm Price A 6. 50 10 · 2 100 C 4 60 6. 10 30 12 E 8. 40 12
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culate Fisher's Ideal Index from the following data and prove that it sátisties both the time reversal and factor reversal tests: 2015 2016 ITIT Commodty Price Expenditure Price Expenditure 8. 10 80 120 40 56 120 96 50 60 10 12 4 20 100 25 150 ABCDE