Which one of the following is not the test of adequacy of index number ?
Bowley Test is not a standard test of adequacy for index numbers. Time reversal, factor reversal and circular tests assess consistency when periods, factors or linked…
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Which one of the following is not the test of adequacy of index number ?
Answer and explanation
Correct answer D
Bowley Test is not a standard test of adequacy for index numbers. Time reversal, factor reversal and circular tests assess consistency when periods, factors or linked comparisons are changed.
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Maharashtra and Goa SET (MH SET)