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In statistics and research design, an indicator is an observed value of a variable, or in other words "a sign of a presence or absence of the concept being studied". [1] Just like each color indicates in a traffic lights the change in the movement.
Indicator analysis is a structured analytic technique used in intelligence analysis. It uses historical data to expose trends and identify upcoming major shifts in a subject area, helping the analyst provide evidence-based forecasts with reduced cognitive bias .
Lagging indicators are indicators that usually change after the economy as a whole does. Typically the lag is a few quarters of a year. The unemployment rate is a lagging indicator: employment tends to increase two or three quarters after an upturn in the general economy. [citation needed]. In a performance measuring system, profit earned by a ...
The indicator is a highly-effective technical tool used to evaluate the strength of the current trend and to determine if an established trend will continue or reverse.
A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [ 2 ]
Global indicators- Due to differences in social, economical, and environmental conditions of countries, each country has its own indicators and indexes to measure sustainability, which can lead to improper and varying interpretation at the global level. Hence, there common indexes and measuring parameters would allow comparisons among countries.
Health indicators are quantifiable characteristics of a population which researchers use as supporting evidence for describing the health of a population.Typically, researchers will use a survey methodology to gather information about a population sample, use statistics in an attempt to generalize the information collected to the entire population, and then use the statistical analysis to make ...
Ecological indicators play an important role in evaluating policy regarding the environment. [2] A large number of ecological indicators have been documented and reported worldwide, and an increasing number of studies has been conducted to assess the properties of ecological indicators and determine how they should be selected for assisting ...