Abstract
Abstract In multidimensional scaling (MDS) carried out on the basis of a metric data matrix (interval, ratio), the main decision problems relate to the selection of the method of normalization of the values of the variables, the selection of distance measure and the selection of MDS model. The article proposes a solution that allows choosing the optimal multidimensional scaling procedure according to the normalization methods, distance measures and MDS model applied. The study includes 18 normalization methods, 5 distance measures and 3 types of MDS models (ratio, interval and spline). It uses two criteria for selecting the optimal multidimensional scaling procedure: Kruskal’s Stress-1 fit measure and Hirschman-Herfindahl HHI index calculated based on Stress per point values. The results are illustrated by an empirical example.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
