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How Fisher's index formula satisfies time reversal and factor reversal tests?

According to Prof.Fisher "the formula for calculating an index number should be such that it gives the same ratio between one point of comparison and the other no matter which of the two is taken as the base" ie, P01 * P10 = 1


Does time reversal test satisfy consistency of an index number?

The time reversal test is a criterion for assessing the consistency of index numbers, particularly in the context of economic measures like price indices. It states that if an index number measures the change in a variable from time period A to B, then reversing the time period (from B back to A) should yield the reciprocal of the original index. If an index satisfies this condition, it demonstrates consistency, indicating that the measure is stable and reliable across time periods. However, not all index numbers satisfy this test, which can lead to discrepancies in interpretation.


What is laspeyer's formula check whether it satisfy time reversal test?

A time reversal test will determine if a method will work forward and backwards. The Laspeyres formula check is, P01 X P10 =1.


Is there a time factor that discounts a preexisting condition?

A controlled experiment test one factor at a time.


What test on factor at a time?

A controlled experiment


What is a test of only one factor at a time is a?

A controlled experiment


Time-reversal test definition and explanation?

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When I test only one factor at a time?

You are performing a controlled experiment.


An invetigation that test only one factor at a time?

A controlled experiment


What does Mary Warren say to reverse her reversal of prior testimony in the book the crucible?

her reverse reversal is that she reversed her reversal a long time ago there for giving her a reversible revsered reversal.


What is the geomagnetic reversal time scale?

The geomagnetic reversal time scale has patterns of polarity. It is the pattern of alternating and reserved polarity in rocks.


What is a test of only one factor at a time?

A controlled experiment.