Time series & Index numbers analysis – Test 2

__________ is particularly suitable for the construction of index numbers.

Index nos. show ………. changes rather than absolute amount of change.

Index no. is equal to-

Circular Test is one of the tests of-

Index Numbers are often constructed from the-

______is a point of reference in comparing various data describing individual behaviour.

The best average for constructing an index numbers is-

Paasche index is based on-

________ is satisfied by all the index number except simple aggregative formulae.

_____________ requires that the formula for calculating an index number should give consistence results in both the directions, i.e. forward and backward.

________ requires that the product of price index and the corresponding quantity index number should be equal to the value index number.

__________ is an extension of time reversal test to the case of more than two periods.

A per_____ test, the index of period 1 with period 0 base should be reciprocal of the index of period 0 with period 1 as base.

The number of test of adequacy is-

Laspeyre’s method and Paasche’s method do not satisfy-

Fisher’s Ideal Formula for calculating index nos. satisfies the______tests

Fisher’s Ideal Formula do not satisfy _________ test.

Time reversal test is satisfied by the ______only.

Fisher ideal index satisfies-

___________ do not satisfy time reversal, factor reversal and circular tests.

The circular test is satisfied by-

The factor reversal test is satisfied by-

For computing a price index, method is used?

A weighted aggregate price index where the weight for each item is its base period quantity is known as the-

The price level of a country in a certain year has increased 25% over the base period. The index number is-