Question

Prove that Fisher's ideal index number lies between Laspeyre's and Paasche's index number.​

Answer 1

Answer:

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The Fisher Price Index, also called the Fisher’s Ideal Price Index, is a consumer price index (CPI) used to measure the price level of goods and services over a given period. The Fisher Price Index is a geometric average of the Laspeyres Price Index and the Paasche Price Index. It is deemed the “ideal” price index as it corrects the positive price bias in the Laspeyres Price Index and the negative price bias in the Paasche Price Index.

Answer 2

Answer:

The Fisher Price Index, also called the Fisher’s Ideal Price Index, is a consumer price index (CPI) used to measure the price level of goods and services over a given period. The Fisher Price Index is a geometric average of the Laspeyres Price Index and the Paasche Price Index. It is deemed the “ideal” price index as it corrects the positive price bias in the Laspeyres Price Index and the negative price bias in the Paasche Price Index

Explanation:

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