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Synthetic indicators

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Full-Text Articles in Physical Sciences and Mathematics

A Maximum Entropy Perspective Of Pena’S Synthetic Indicators, Sudhanshu K. Mishra Apr 2012

A Maximum Entropy Perspective Of Pena’S Synthetic Indicators, Sudhanshu K. Mishra

Sudhanshu K Mishra

This paper uses mixed combinatorial-cum-real particle swarm method to obtain a heuristically optimal order in which the constituent variables can be arranged so as to yield some generalized maximum entropy synthetic indicators that represent the constituent variables in the best information-theoretic sense. It may help resolve the arbitrariness and indeterminacy of Pena’s method of construction of a synthetic indicator which at present is very sensitive to the order in which the constituent variables (whose linear aggregation yields the synthetic indicator) are arranged.


A Note On Construction Of Heuristically Optimal Pena’S Synthetic Indicators By The Particle Swarm Method Of Global Optimization, Sudhanshu K. Mishra Mar 2012

A Note On Construction Of Heuristically Optimal Pena’S Synthetic Indicators By The Particle Swarm Method Of Global Optimization, Sudhanshu K. Mishra

Sudhanshu K Mishra

Pena’s method of construction of a synthetic indicator is very sensitive to the order in which the constituent variables (whose linear aggregation yields the synthetic indicator) are arranged. Due to this, Pena’s method can at present give only an arbitrary synthetic indicator whose representativeness is indeterminate and uncertain, especially when the number of constituent variables is not very small. This paper uses discrete global optimization method based on the Particle Swarms to obtain a heuristically optimal order in which the constituent variables can be arranged so as to yield Pena’s synthetic indicator that maximizes the minimal absolute (or squared) correlation …


A Note On The Indeterminacy And Arbitrariness Of Pena’S Method Of Construction Of Synthetic Indicators, Sudhanshu K. Mishra Mar 2012

A Note On The Indeterminacy And Arbitrariness Of Pena’S Method Of Construction Of Synthetic Indicators, Sudhanshu K. Mishra

Sudhanshu K Mishra

In this paper we demonstrate that Pena’s method of construction of a synthetic indicator is very sensitive to the order in which the constituent variables (whose linear aggregation yields the synthetic indicator) are arranged. Since m number of constituent variables may be arranged in m-factorial ways, even a moderately large m can give rise to a very large number of synthetic indicators from which one cannot choose the one which best represents the constituent variables. Given that an analyst has too little information as to the order in which a sizeable number of constituent variables must be arranged so as …