why lasperes index number is not called as ideal
Hey,
The Laspeyre's and Paasche's index numbers are not the ideal method because of the following reasons.
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The Laspeyre's and Paasche's index numbers are not the ideal method because of the following reasons.
- These tests does not satisfy the time reversal test and factor reversal test.
- These methods do not consider the price and quantities of the current year.
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