flyer_Composite Indicators_webinar
With much pleasure, the International Society for Business and Industrial Statistics (ISBIS) invites you all to attend on February 29, 2024 at 04:00pm Central European Time the webinar on:
THE PERFECT COMPOSITE INDEX DOES NOT EXIST (BUT WE HAVE TO USE IT)
The invited speaker is Dr. Matteo Mazziotta, Senior Statistician and Head of Office of “Data Collection Techniques” at the Italian National Institute of Statistics. The event will take place through the following link: https://s.id/ISBISwebinar
Materials and video registration will be shared after the webinar with all the participants who will send us a request at isbisnews@gmail.com, including those who cannot make that time.
- Abstract: Composite indices are increasingly recognized as a useful tool for measuring complex and multidimensional phenomena, such as development, poverty, quality of life, well-being, globalization, competitiveness, freedom, and so on. Technically, a composite index is a mathematical combination of a set of indicators representing the different dimensions of a phenomenon to be measured. The idea of summarizing a complex phenomenon into a single number is not straightforward, as it implies both theoretical and methodological assumptions that must be carefully evaluated to avoid producing results of dubious analytic rigor. One of the main criticisms of composite indices is that their simple “big picture” results may lead users to draw simplistic analytical or policy conclusions. Methods for constructing composite indices are proposed, taking into account appropriate methodologies for different areas of application.