Index Numbers and Time series

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Question : 78 of 81

Marks: +1, -0

Which of the following statement is true?

Paache's Index Number is based on the base year quantity
Fisher's Index Number is the Arithmetic Mean of Laspeyre's Index Number and Paache's Index Numbers
Arithmetic Mean is the most appropriate average for constructing the index number
Fisher's Index Number is an Ideal Index Number

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