With the help of the following data, prove that Fisher's ideal index satisfies both the time reversal test and factor reversal test : Base Year Current Year Commodity Price Value Price Value A 5 50 72 B 7 84 10 80 10 80 12 96 D. 4 20 5 30 E 8 56 64

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With the help of the following data, prove that Fisher's ideal index satisfies both the
´time reversal test and factor reversal test :
Base Year
Current Year
Соmmodity
Price
Value
Price
Value
A
5
50
72
B
7
84
10
80
C
10
80
12
96
D.
4
20
5
30
E
8
56
64
Transcribed Image Text:With the help of the following data, prove that Fisher's ideal index satisfies both the ´time reversal test and factor reversal test : Base Year Current Year Соmmodity Price Value Price Value A 5 50 72 B 7 84 10 80 C 10 80 12 96 D. 4 20 5 30 E 8 56 64
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