This test of the adequacy of index number requires that the formulae for calculating an index number should give consistent results in both directions. This test is known as:
A. Time reversal test
B. Factor reversal test
C. Circular test
D. Unit test.
Answer:A
This test of the adequacy of index number requires that the formulae for calculating an index number should give consistent results in both directions. This test is known as:
A. Time reversal test B. Factor reversal test C. Circular test D. Unit test.