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PROCEDURE OF EFFICENT INTEGRAL INDEX GENERATION OF THE UKRAINIAN INDUSTRIAL PRODUCTION

Journal: International Journal of Economics and Society (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 241-244

Keywords : economic activity; efficiency; integral factor; method; industrial production; factor analysis.;

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Abstract

The manuscript presents an algorithm for integral index generation of the Ukrainian industrial production efficiency. The author has proposed a method of the performance index of the industrial production calculating, taking into account all the advantages and disadvantages of an integrated parameter generation. The main emphasis is made on the factor analysis usage. Incoming information is presented in the form of three-dimensional data matrix. Its qualitative analysis includes data validation for the abnormally large or small values presence, filling in transmitted information, descriptive statistics analysis. Unification of the indicators is provided through standardization procedure. The author recommends classifying basic and advanced metrics for the efficiency evaluation of the Ukrainian industrial production by factor analysis. The formula for integral index calculating is based on convolution of factor loadings values and of input parameters normalized values with regard to their significance.

Last modified: 2015-09-19 05:21:56