On the choice of synthetic measures for assessing economic effects Cover Image

On the choice of synthetic measures for assessing economic effects
On the choice of synthetic measures for assessing economic effects

Author(s): Zbigniew Binderman, Bolesław Borkowski, Grzegorz Borkowski, Ryszard Kozera, Wiesław Szczesny
Subject(s): Economy, Socio-Economic Research
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: multidimensional analysis; synthetic measure; ranking methods;

Summary/Abstract: Multidimensional analysis uses various measures for assessing economic effects. However, no single synthetic measure, regardless how popular, can give a satisfactory solution to the above problem. In general, various approaches of combining measures can lead to stable outcomes. Nevertheless, when combining "weak" classifiers one can obtain inevitably poorer classification. We propose here a new approach to construct doubly synthetic measures. The main goal of this work is to analyse the influence these new synthetic measures on the ranking of multidimensional objects.

  • Issue Year: XVIII/2017
  • Issue No: 1
  • Page Range: 7-17
  • Page Count: 11
  • Language: English