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Fisher's ideal index

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Fisher's ideal index [¦fish·ərz ¦ī‚dēl ′in‚deks]
(statistics)
The geometric mean of Laspeyres and Paasche index numbers. Also known as ideal index number.


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Used as the true, benchmark cost-of-living index, Fisher's ideal index can assess the degree of substitution bias inherent in the fixed-weight Laspeyres calculation.
13) In both the fixed-base and the chainweight contexts, die Fisher's ideal index and the Tomqvist index may be constructed.
 
 
 
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