This test of adequacy of index number requires that the formulae for calculating an index number should give consistent results in both the directions. This test is known as —
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
This test of adequacy of index number requires that the formulae for calculating an index number should give consistent results in both the directions. This test is known as —
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) Time reversal test.
Topics: Elementary Statistics
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