An index number that does not use weights is called: MCQ with Answer and Explanation
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Question #1
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The circular test is satisfied if an index allows comparison of period 2 with period 0 via period 1, i.e., P₀₁ × P₁₂ = P₀₂. Which index commonly fails this test?
Correct Answer: Option A
Explanation:
Laspeyres index uses fixed base-period weights, so P₀₁ × P₁₂ ≠ P₀₂ in general due to weight rigidity, failing the circular test; Fisher's index satisfies it under certain conditions.
Laspeyres index uses fixed base-period weights, so P₀₁ × P₁₂ ≠ P₀₂ in general due to weight rigidity, failing the circular test; Fisher's index satisfies it under certain conditions.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The number of classes in a frequency distribution is determined by:
Correct Answer: Option D
Explanation:
Class intervals are chosen based on the spread and size of data.
Class intervals are chosen based on the spread and size of data.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Cumulative frequency curve is known as:
Correct Answer: Option A
Explanation:
An ogive is a graph showing cumulative frequencies plotted against class boundaries.
An ogive is a graph showing cumulative frequencies plotted against class boundaries.
This question belongs to:
Accountancy and Statistics
Statistics
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