Folia Oeconomica Stetinensia (Dec 2019)
Assessment of the Development of the European Oecd Countries with the Application of Linear Ordering and Ensemble Clustering of Symbolic Data
Abstract
The research background of the paper covers the development of a country, that can be measured in various ways. Simple indicators, like GDP and also complex indicators such as HDI (human development index), can be used to measure country development. However, usually countries are divided into groups via setting some arbitrary levels of final measure. What is more, the composite (complex) indices have some problems and errors.
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