Construction of Composite Indicator Based on Factor Analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F13%3A%230000242" target="_blank" >RIV/46747885:24310/13:#0000242 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Construction of Composite Indicator Based on Factor Analysis
Original language description
The aim of this paper is to propose a methodology for determining the weights of the criteria and the subsequent construction of a composite indicator for the assessment of socio-economic status of municipalities. To determine the weights of sub-indicators entering the composite indicator the results of factor analysis were used. Weights of the indicators were set based on the proportion of variance expla-nation of a given indicator. Composite indicator was then created using the additive method of Weighted Sum Average. Sub-indicators include 27 variables whose crite-rion values were transformed to a scale from 0 to 1 according to the type of the variable, and then for each municipality value of the composite indicator was deter-mined. Composite indicator serves as a comprehensive assessment of the state of the economic pillar of municipalities in processing spatial analytical data. The proposed methodology was then tested on a set of 6,249 municipalities in the Czech Republic. Accordi
Czech name
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Czech description
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Project
<a href="/en/project/TD010029" target="_blank" >TD010029: Definition of subregions for distinguishing and the solution of social and economic disparities</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
1013-1018
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Jan 1, 2013
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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