Fisher's Ideal Index Number is the: MCQ with Answer and Explanation

Fisher's Ideal Index Number is the:
A. Arithmetic mean of Laspeyres and Paasche index numbers
B. Harmonic mean of Laspeyres and Paasche index numbers
C. Median of Laspeyres and Paasche index numbers
D. Geometric mean of Laspeyres and Paasche index numbers
Answer: Option D
Solution (By JKExamLibrary)
Fisher's index is calculated as the geometric mean of Laspeyres and Paasche indices, balancing their upward and downward biases.

This question belongs to: Accountancy and Statistics Statistics

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