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| Definition: |
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A composite indicator is formed when individual indicators are compiled into a single index, on the basis of an underlying model of the multi-dimensional concept that is being measured.
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| Context: |
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A composite indicator measures multi-dimensional concepts (e.g. competitiveness, e-trade or environmental quality) which cannot be captured by a single indicator. Ideally, a composite indicator should be based on a theoretical framework / definition, which allows individual indicators / variables to be selected, combined and weighted in a manner which reflects the dimensions or structure of the phenomena being measured.
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| Source
Publication: |
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OECD, 2004, “The OECD-JRC Handbook on Practices for Developing Composite Indicators”, paper presented at the OECD Committee on Statistics, 7-8 June 2004, OECD, Paris.
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| Statistical
Theme: Methodological information (metadata) |
| Created
on Friday, December 10, 2004 |
| Last
updated on Wednesday, December 11, 2013 |
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