Paolo Paruolo

  1. Ratings and rankings: Voodoo or Science?.

    Authors: Paolo Paruolo, Andrea Saltelli, Michaela Saisana
    Subjects: Applications
    Abstract

    Composite indicators aggregate a set of variables using weights which are
    understood to reflect the variables' importance in the index. In this paper we
    propose to measure the importance of a given variable within existing composite
    indicators via Karl Pearson's `correlation ratio'; we call this measure `main
    effect'.

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