Example 20.17 Compute Fisher's 'ideal' index from the following data and check whether the time reversal test is satisfied. Current year Base-year Commodities Unit price (Rs) Quantity (kg) Unit price (Rs) Quantity (kg) A 6 2 7 B 3 6 3 4 5 5 5 4 4 6282

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Example 20.17 Compute Fisher's 'ideal' index from the following data and check whether the time
reversal test is satisfied.
Current year
Base-year
Unit price (Rs)
Commodities
Quantity (kg)
Quantity (kg)
Unit price (Rs)
7
6
A
2
6
3
B
3
C
4
5
5
4
6282
54
Transcribed Image Text:Example 20.17 Compute Fisher's 'ideal' index from the following data and check whether the time reversal test is satisfied. Current year Base-year Unit price (Rs) Commodities Quantity (kg) Quantity (kg) Unit price (Rs) 7 6 A 2 6 3 B 3 C 4 5 5 4 6282 54
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