Izvorni znanstveni članak
https://doi.org/10.2478/crebss-2018-0005
Process of ranking countries by level of development
Željko V. Račić
; University of Banja Luka, Faculty of Economics, Banja Luka, Bosnia and Herzegovina
Sažetak
The paper presents the process of ranking and classifying countries using the I-distance method. The I-distance method is a method of classification and multidimensional ranking based on the distance values between selected indicators. The selection of indicators was carried out using the principal components analysis, whereby the statistical software SPSS (Statistical Package for Social Sciences), the latest version 21th PASW Statistics, is used. The application of the I-distance determines the relative efficiency indicators. Classification and ranking are conducted based on the economic development using macroeconomic indicators for the selected European countries.
Ključne riječi
classification; EU countries; I-distance method; principal components analysis; ranking
Hrčak ID:
201962
URI
Datum izdavanja:
21.6.2018.
Posjeta: 1.116 *