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Význam základní klasifikace ukazatelů pro korektní interpretaci vzájemných odlišností jejich hodnot
[Importance of the basic classification of indicators for the correct interpretation of the mutual differences between their values]

Author

Listed:
  • Lubomír Cyhelský
  • Vladimíra Valentová

Abstract

This paper focuses on the identification of the main criterion for the classification of basic indicators and their corresponding scales (nominal, ordinal, interval and ratio). The criterion is the number of meaningful categories of the formulation or measurement of all mutual differences of all potential values of the indicator. The paper insists on the necessity of distinguishing at least four types of the given indicator. The classification (and differences) of the indicators is included in the enclosed table. The purpose of the table is to: give information about the data arranged in an ordering scheme; further evaluate whether their differences are determined or they are meaningless; and investigate whether differences between values can be found and if ratios are meaningful or not. The meaning of the classification of indicators for a correct interpretation of the mutual differences between their values is emphasized.

Suggested Citation

  • Lubomír Cyhelský & Vladimíra Valentová, 2006. "Význam základní klasifikace ukazatelů pro korektní interpretaci vzájemných odlišností jejich hodnot [Importance of the basic classification of indicators for the correct interpretation of the mutua," Politická ekonomie, Prague University of Economics and Business, vol. 2006(4), pages 542-548.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:4:id:573:p:542-548
    DOI: 10.18267/j.polek.573
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    More about this item

    Keywords

    classification of indicators; scales classification; nominal; ordinal; interval and ratio indicators and scales; importance of the basic indicators classification; correct interpretation of the differences between data values;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other

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