Construction of Pena’s DP2-Based Ordinal Synthetic Indicator When Partial Indicators are Rank Scores

Abstract:     
The present study devises a computational scheme (and develops a FORTRAN 77 computer program) that may be appropriate to construct Pena’s DP2 (ordinal) synthetic indicator (Z ) from the partial indicators (X ) all of which are ordinal (ranking scores). An attempt has also been made to empirically apply the method (and the computer program) to obtain an ordinal synthetic indicator from a given ordinal data set.

Number of Pages in PDF File: 22

Keywords: Ordinal data set, Pena’s DP2 synthetic indicator, ranking scores, Ordinal principal component analysis, Computer program, Fortran 77

JEL Classification: C43, C63

working papers series