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Multivariate and Multicriteria Evaluation of Labour Market Situation


  • Monika Sedenkova

    (VSB – Technical University)

  • Jiri Horak

    (VSB – Technical University)


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

  • Monika Sedenkova & Jiri Horak, 2006. "Multivariate and Multicriteria Evaluation of Labour Market Situation," Working Papers 2006.67, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2006.67

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    Labour Market; GIS; Factor Analysis; Multicriteria Evaluation;

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General

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