Which one of the following statements is true ? |
Time reversal test is satisfied by simple aggregative method and Fisher's method Lespeyre's method and Paasche's Methods satisfy time reversal test Lespeyre's method and Fisher's method satisfy time reversal test Time reversal test is satisfied by Paasch'e method and simple aggregative method |
Time reversal test is satisfied by simple aggregative method and Fisher's method |
The correct answer is Option (1) → Time reversal test is satisfied by simple aggregative method and Fisher's method Fisher's method is a bivariate method that combines both the Laspeyres and Paasche methods, and it satisfies the time reversal test. |