List of various Tests of Adequacy of Index Number Formula Are: Unit Test. Time Reversal Test. Factor Reversal Test.
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List of various Tests of Adequacy of Index Number Formula Are: Unit Test. Time Reversal Test. Factor Reversal Test.
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Tests for Adequacy of Index Number. Several formulae have been suggested for constructing index numbers and the problem is that of selecting the most appropriate one in a given situation. The different tests are the unit test, time reversal test, factor reversal test, and circular test.
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