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Construction of maximin and non-elitist composite indices - alternatives to elitist indices obtained by the principal components analysis

Mishra, SK
Munich Personal RePEc Archive · Reports
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On many occasions we need to construct an index that represents a number of variables. Cost of living index, general price index, human development index, index of level of development, etc are some of the examples that are constructed by a weighted (linear) aggregation of a host of variables. The w
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