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Multivariate Measures of Profile Similarity for the Objective Stratification of Econometric Data - Softcover

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9781333839093: Multivariate Measures of Profile Similarity for the Objective Stratification of Econometric Data

Synopsis

This book delves into the difficulties faced when analyzing cross-sectional data in econometrics. The author presents a method to overcome the problem of combining different types of behaviors into a single econometric sample. The resulting multivariate profile similarity measure allows researchers to look at complex, seemingly contradictory data, and make meaningful distinctions between the data profiles. This allows researchers to see the differences between the data subjects more clearly and enables the identification of meaningful subgroups to which the data points belong. The insights from this book have had a significant impact on econometric analysis, specifically when handling complex data with multiple variables and behavioral dimensions.

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