Definition: Commodity reversal test

Consumer Price Index

A test that might be used under the axiomatic approach, which requires that, for a given set of products, the price index should remain unchanged when the ordering of the products is changed.
Source:
International Labour Organization (ILO), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Statistical Office of the European Communities (Eurostat), United Nations (UNECE), The World Bank, Consumer Price Index Manual: Theory and Practice, Geneva, August 2004
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