Fisher's price index number is :

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

Fisher's price index number is :

Options:

A.M. of Laspeyre's and Passche's index

G.M. of Laspeyre's and Passche's index

H.M. of Laspeyre's and Passche's index

Average of Laspeyre's and Passche's index

Correct Answer:

G.M. of Laspeyre's and Passche's index

Explanation:

The correct answer is Option (2) → G.M. of Laspeyre's and Passche's index

Fisher's price index is defined as the geometric mean of Laspeyre's and Paschen series.