Properties of Normalization Methods Used in the Construction of Aggregate Measures

Nermend Kesra ()
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Nermend Kesra: University of Szczecin Faculty of Economics and Management Mickiewicza 64, 71-101 Szczecin, Poland

Folia Oeconomica Stetinensia, 2012, vol. 12, issue 2, 31-45

Abstract: This article presents a study on the impact of missing objects, untypical objects and the impact of displacing coordinates of the object on the results of normalization in the construction of aggregate measures for ranking socio-economic objects. The study was conducted on simulated data sets generated in order to investigate the properties of normalization methods. This article focuses on the standardization formula responsible for moving the set of objects

Keywords: normalization; synthetic measure; taxonomy; methods for linear ordering (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:12:y:2012:i:2:p:31-45:n:6

DOI: 10.2478/v10031-012-0030-9

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