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Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In contrast to a cost-of-living index based on the true but unknown utility function, a superlative index number is an index number that can be calculated. [1]
The Marshall-Edgeworth index, credited to Marshall (1887) and Edgeworth (1925), [11] is a weighted relative of current period to base period sets of prices. This index uses the arithmetic average of the current and based period quantities for weighting. It is considered a pseudo-superlative formula and is symmetric. [12]
The Guttman scale is related to Rasch measurement; specifically, Rasch models bring the Guttman approach within a probabilistic framework. Constant sum scale – a respondent is given a constant sum of money, script, credits, or points and asked to allocate these to various items (example : If one had 100 Yen to spend on food products, how much ...
Comparison is a feature in the morphology or syntax of some languages whereby adjectives and adverbs are rendered in an inflected or periphrastic way to indicate a comparative degree, property, quality, or quantity of a corresponding word, phrase, or clause.
The Health Utilities Index (HUI) is a rating scale used to measure general health status and health-related quality of life (HRQoL). HUI questionnaires are designed to map onto two classification systems, HUI-2 and HUI-3, capable of measuring 24,000 and 972,000 unique health states, respectively.
The Reynolds Intellectual Assessment Scales (RIAS) is an individually administered test of intelligence that includes a co-normed, supplemental measure of memory. [1] It is appropriate for individuals ages 3–94. The RIAS intelligence subtests include Verbal Reasoning (verbal), Guess What (verbal), Odd-Item Out (nonverbal), and What's Missing?
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Level of measurement or scale of measure is a classification that describes the nature of information within the values assigned to variables. [1] Psychologist Stanley Smith Stevens developed the best-known classification with four levels, or scales, of measurement: nominal , ordinal , interval , and ratio .