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Journal ArticleDOI

Use and Misuse of PCA for Measuring Well-Being

Matteo Mazziotta, +1 more
- 01 Apr 2019 - 
- Vol. 142, Iss: 2, pp 451-476
TLDR
The use and misuse of PCA for measuring well-being is discussed, some applications to real data are shown, and the technique is shown to be suitable for all types of indicators.
Abstract
The measurement of well-being of people is very difficult because it is characterized by a multiplicity of aspects or dimensions. Principal Components Analysis (PCA) is probably the most popular multivariate statistical technique for reducing data with many dimensions and, often, well-being indicators are reduced to a single index of well-being by using PCA. However, PCA is implicitly based on a reflective measurement model that is not suitable for all types of indicators. In this paper, we discuss the use and misuse of PCA for measuring well-being, and we show some applications to real data.

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Citations
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Journal ArticleDOI

Survey on Artificial Intelligence (AI) techniques for Vehicular Ad-hoc Networks (VANETs)

TL;DR: A comprehensive review of AI techniques that are currently being explored by various research efforts in the area of VANETs is presented, and the strengths and weaknesses of these proposed AI-based proposed approaches for the VANet environment are discussed.
Journal ArticleDOI

Higher-Order PLS-PM Approach for Different Types of Constructs

TL;DR: Attention is focused on theoretical and mathematical differences between formative and reflective measurement models within the context of the PLS-PM approach, and a simulation study is proposed in order to show how these approaches fit well in different modeling situations.
Journal ArticleDOI

Multidimensional Wellbeing Inequality in a Developing Country: A Case Study of Vietnam

TL;DR: In this article, the authors apply the polychoric principal component analysis (PCA) method for the calculation of objective wellbeing and wellbeing inequality using household asset, education, health and housing dimensions.
Journal ArticleDOI

Multidimensional Well-Being and Inequality Across the European Regions with Alternative Interactions Between the Well-Being Dimensions

TL;DR: In this article, the authors examined multidimensional well-being and inequality across the European regions in 2000 and 2014 with the use of eleven wellbeing indicators from the OECD Better Life Index.
Journal ArticleDOI

Survey on Artificial Intelligence (AI) techniques for Vehicular Ad-hoc Networks (VANETs)

TL;DR: In this paper , the authors present a comprehensive review of AI techniques that are currently being explored by various research efforts in the area of VANETs, and discuss the strengths and weaknesses of these proposed AI-based proposed approaches for the VANet environment.
References
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Journal ArticleDOI

The Advanced Theory of Statistics

Maurice G. Kendall, +1 more
- 01 Apr 1963 - 
Journal ArticleDOI

A Critical Review of Construct Indicators and Measurement Model Misspecification in Marketing and Consumer Research

TL;DR: A set of conceptual criteria is developed that can be used to determine whether a construct should be modeled as having formative or reflective indicators, and an estimate of the extent of measurement model misspecification in the field is estimated.
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