Which index number does not satisfy the unit test? |
Fisher's Price Index Paasches Index number Simple Aggregate Index Walsch Formula |
Simple Aggregate Index |
The correct answer is Option (3) → Simple Aggregate Index $\text{Unit test: index should be independent of units of measurement}$ $\text{Fisher, Paasche and Walsh indices satisfy unit test}$ $\text{Simple Aggregate Index depends on units}$ The correct answer is Simple Aggregate Index. |