Which of the following index numbers suffers from upward bias? MCQ with Answer and Explanation

Which of the following index numbers suffers from upward bias?
A. Laspeyres' Index
B. Paasche's Index
C. Fisher's Index
D. Kelly's Index
Answer: Option A
Solution (By JKExamLibrary)
Laspeyres uses base-year quantities, ignoring the substitution effect when prices rise, causing an upward bias in inflation estimates.

This question belongs to: Accountancy and Statistics Statistics

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Maternal Mortality Ratio (MMR) is expressed per 100,000 live births to:
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Correct Answer: Option D


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Correct Answer: Option D


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