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Index tests

Unit 8: Index NumbersTopic 4 of 6
Browse the Business Statistics syllabus

Business Statistics

13 units
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What the syllabus expects

  • Time-reversal test
  • Factor-reversal test

Index tests

Bachelor of Business Studies (BBS) — First Year

Subject: Business Statistics (MGT 202)

Unit 8: Index Numbers

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of index tests.
  • Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

  • Time-reversal test
  • Factor-reversal test

Detailed Microsyllabus

  1. Time-reversal test

    1. Reverse base and current periods consistently.
    2. Check the reciprocal relationship required by the test.
    3. Account for ratio versus percentage index conventions.

  2. Factor-reversal test

    1. Construct matching price and quantity indices.
    2. Compare their product with the value index.
    3. Evaluate prescribed index formulas using the test conditions.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 14-16.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here.