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Multivariate and Multicriteria Evaluation of Labour Market Situation

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  • Sedenkova, Monika
  • Horak, Jiri

Abstract

Nowadays the analysts of labour markets have a lot of different data and indicators that can be used for the evaluation of the labour market and monitor its development. But such a great number of monitoring determinants can create problems both with the evaluation and with the description of the situation of the labour market. Thus it is necessary to select a limited number of important indicators. A tool that can help with the selection of these indicators is a method of multidimensional statistics - multivariate analysis. In some cases it is necessary to use only one complex indicator that can evaluate the labour market from a lot of aspects. For a solution we can use multicriteria evaluation. These methods are described in this paper. We recommend a procedure for the in-depth study of the labour market situation.

Suggested Citation

  • Sedenkova, Monika & Horak, Jiri, 2006. "Multivariate and Multicriteria Evaluation of Labour Market Situation," Knowledge, Technology, Human Capital Working Papers 12088, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemkt:12088
    DOI: 10.22004/ag.econ.12088
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    Keywords

    Labor and Human Capital;

    Statistics

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