A new set of cluster driven composite development indicators
Abstract
Composite development indicators used in policy making often subjectively aggregate a restricted set of indicators. We show, using dimensionality reduction techniques, including Principal Component Analysis (PCA) and for the first time information filtering and hierarchical clustering, that these composite indicators miss key information on the relationship between different indicators. In particular, the grouping of indicators via topics is not...
Paper Details
Title
A new set of cluster driven composite development indicators
Published Date
Apr 10, 2020
Journal
Volume
9
Issue
1
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