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A Proposal of Data – Driven Method for Determining the Weights of Composite Indicators

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  • Kądziołka Kinga

    (WSB University, Dąbrowa Górnicza, Poland)

Abstract

The paper proposed a simulation method for determining the weights of components of taxonomic measures. The method takes into account the degree of similarity of the final ranking to other rankings and other properties, e.g. the clustering ability of the measure. The analyses were performed on publicly available data published by the General Statistic Office, concerning selected characteristics of the labour market in Poland at the level of subregions. The results obtained by the proposed method depend on the initial set of weights vectors. Due to the fact that the proposed method does not provide an invariant solution for a given data set, the stability of the rankings obtained using this method was assessed. There was high consistency in the orderings of objects obtained in the consecutive repetitions of the procedure.

Suggested Citation

  • Kądziołka Kinga, 2021. "A Proposal of Data – Driven Method for Determining the Weights of Composite Indicators," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 25(1), pages 49-62, March.
    • Handle: RePEc:vrs:eaiada:v:25:y:2021:i:1:p:49-62:n:2
    DOI: 10.15611/eada.2021.1.03
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    References listed on IDEAS

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    1. Anna Tatarczak & Oleksandra Boichuk, 2018. "The multivariate techniques in evaluation of unemployment analysis of Polish regions," Oeconomia Copernicana, Institute of Economic Research, vol. 9(3), pages 361-380, September.
    2. Badach, Elżbieta & Zioło, Monika, 2015. "Badanie Właściwości Populacji Bezrobotnych Na Lokalnych Rynkach Pracy Województwa Małopolskiego Z Wykorzystaniem Taksonomii Wrocławskiej," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2015(3), June.
    3. Salvatore Greco & Alessio Ishizaka & Menelaos Tasiou & Gianpiero Torrisi, 2019. "On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(1), pages 61-94, January.
    4. Kukuła, Karol & Luty, Lidia, 2018. "O wyborze metody porządkowania liniowego do oceny gospodarki odpadami w Polsce w ujęciu przestrzennym," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 18(33, Part ), June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    taxonomic measure; composite indicator; weighting schema; semi-standard deviation; labour market; Spearman’s corelation coefficient;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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