This quiz on 'Index Numbers' assesses understanding of their construction and usage in statistics, focusing on relative changes, the role of weights, and the importance of the geometric mean. It's designed for learners interested in economic and statistical analysis.
Weights
Classes
Estimations
None
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False
True
Both
None
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False
True
Both
None
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Index nos.
Hypothesis
Both
None
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A
B
C
D
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Fisher's Ideal Index
Laspeyres Index
Paasches Index
None
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Yes
No
May be
May not be
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False
True
Both
None
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To measure and compare prices
To measure prices
To compare prices
None
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Index no.
Relative no.
Absolute no.
None
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A relative no.
An absolute no.
An index no.
None
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Satisfy
Do not satisfy
Are
Are not
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True
False
Both
None
H.M.
A.M.
G.M.
None
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Sum of price relatives
Average of the price relatives
Product of price relative
None
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A.M.
G.M.
H.M.
None
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True
False
Both
None
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Sample
Base period
Estimation
None
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G.M. of price relatives or the weighted aggregate with fixed weights
A.M. of price relatives or the weighted aggregate with fixed weights
H.M. of price relatives or the weighted aggregate with fixed weights
None
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Quantity control
Quantity indices
Both
None
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A
B
C
D
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Unit test
Circular Test
Time Reversal Test
None
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1 on 0
0 on 1
1 on 1
0 on 0
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Index
Absolute
Relative
None
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False
True
Both
None
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Relative price index
Simple Aggregative Price Index
Both
None
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Factor Reversal test
Circular test
Both
None
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Time Reversal Test
Unit Test
Circular Test
None
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Unit Test
Time Reversal Test
Factor Reversal Test
None
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Unit Test
Time Reversal Test
Factor Reversal Test
None
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Unit Test
Time Reversal Test
Circular Test
None
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Frequency
Class
Sample
None
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1 on 0
0 on 1
1 on 1
0 on 0
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Unit Test
Time Reversal Test
Factor Reversal Test
None holds
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Unit Test
Circular Test
Time Reversal Test
None
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Relative
Percentage
Both
None
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2
5
3
4
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A
B
C
D
Factor Reversal Test
Time Reversal Test
Circular Test
None
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Units Test
Factor Reversal Test
Both
None
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Time Reversal Test
Circular test
Factor Reversal Test
None
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H.M.
G.M.
A.M.
None
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Base period
Price ratio
Relative price
None
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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