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Index (statistics)
In statistics and research design, an index is a composite statistic – a measure of changes in a representative group of individual data points, or in other words, a compound measure that aggregates multiple indicators. Indexes – also known as composite indicators – summarize and rank specific observations. Much data in the field of social sciences and sustainability are represented in various indices such as Gender Gap Index, Human Development Index or the Dow Jones Industrial Average. The ‘Report by the Commission on the Measurement of Economic Performance and Social Progress’, written by Joseph Stiglitz, Amartya Sen, and Jean-Paul Fitoussi in 2009 Stiglitz, J., Sen, A., & Fitoussi, J.-P. (2009). eport by the Commission on the Measurement of Economic Performance and Social Progress. suggests that these measures have experienced a dramatic growth in recent years due to three concurring factors: * improvements in the level of literacy (including statistical) * inc ...
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Research Design
Research design refers to the overall strategy utilized to carry out research that defines a succinct and logical plan to tackle established research question(s) through the collection, interpretation, analysis, and discussion of data. Incorporated in the design of a research study will depend on the standpoint of the researcher over their beliefs in the nature of knowledge (see epistemology) and reality (see ontology), often shaped by the disciplinary areas the researcher belongs to. The design of a study defines the study type (descriptive, correlational, semi-experimental, experimental, review, meta-analytic) and sub-type (e.g., descriptive-longitudinal case study), research problem, hypotheses, independent and dependent variables, experimental design, and, if applicable, data collection methods and a statistical analysis plan. A research design is a framework that has been created to find answers to research questions. Design types and sub-types There are many ways to clas ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 194 ...
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Index Numbers
In Statistics, Economics and Finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from different perspectives. Influential global financial indices such as the Global Dow, and the NASDAQ Composite track the performance of selected large and powerful companies in order to evaluate and predict economic trends. The Dow Jones Industrial Average and the S&P 500 primarily track U.S. markets, though some legacy international companies are included. The consumer price index tracks the variation in prices for different consumer goods and services over time in a constant geographical location and is integral to calculations used to adjust salaries, bond interest rates, and tax thresholds for inflation. The GDP Deflator Index, or real GDP, measures the level of prices of all- ...
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Scale (social Sciences)
In the social sciences, scaling is the process of measuring or ordering entities with respect to quantitative attributes or traits. For example, a scaling technique might involve estimating individuals' levels of extraversion, or the perceived quality of products. Certain methods of scaling permit estimation of magnitudes on a continuum, while other methods provide only for relative ordering of the entities. The level of measurement is the type of data that is measured. The word scale, including in academic literature, is sometimes used to refer to another composite measure, that of an index. Those concepts are however different. Scale construction decisions *What level ( level of measurement) of data is involved ( nominal, ordinal, interval, or ratio)? *What will the results be used for? *What should be used - a scale, index, or typology? *What types of statistical analysis would be useful? *Choose to use a comparative scale or a noncomparative scale. *How many scale divi ...
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Index (economics)
In Statistics, Economics and Finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from different perspectives. Influential global financial indices such as the Global Dow, and the NASDAQ Composite track the performance of selected large and powerful companies in order to evaluate and predict economic trends. The Dow Jones Industrial Average and the S&P 500 primarily track U.S. markets, though some legacy international companies are included. The consumer price index tracks the variation in prices for different consumer goods and services over time in a constant geographical location and is integral to calculations used to adjust salaries, bond interest rates, and tax thresholds for inflation. The GDP Deflator Index, or real GDP, measures the level of prices of a ...
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Niklas Luhmann
Niklas Luhmann (; ; December 8, 1927 – November 6, 1998) was a German sociologist, philosopher of social science, and a prominent thinker in systems theory. Biography Luhmann was born in Lüneburg, Free State of Prussia, where his father's family had been running a brewery for several generations. He entered the Gymnasium Johanneum at Luneburg in 1937. In 1943, he was conscripted as a Luftwaffenhelfer in World War II and served for two years until, at the age of 17, he was taken prisoner of war by American troops in 1945. After the war Luhmann studied law at the University of Freiburg from 1946 to 1949, when he obtained a law degree, and then began a career in Lüneburg's public administration. During a sabbatical in 1961, he went to Harvard, where he met and studied under Talcott Parsons, then the world's most influential social systems theorist. In later days, Luhmann dismissed Parsons' theory, developing a rival approach of his own. Leaving the civil service in 1962, he le ...
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Charles Sanders Peirce
Charles Sanders Peirce ( ; September 10, 1839 – April 19, 1914) was an American philosopher, logician, mathematician and scientist who is sometimes known as "the father of pragmatism". Educated as a chemist and employed as a scientist for thirty years, Peirce made major contributions to logic, a subject that, for him, encompassed much of what is now called epistemology and the philosophy of science. He saw logic as the formal branch of semiotics, of which he is a founder, which foreshadowed the debate among logical positivists and proponents of philosophy of language that dominated 20th-century Western philosophy. Additionally, he defined the concept of abductive reasoning, as well as rigorously formulated mathematical induction and deductive reasoning. As early as 1886, he saw that logic gate, logical operations could be carried out by electrical switching circuits. The same idea was used decades later to produce digital computers. See Also In 1934, the philosopher Paul W ...
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John Dewey
John Dewey (; October 20, 1859 – June 1, 1952) was an American philosopher, psychologist, and educational reformer whose ideas have been influential in education and social reform. He was one of the most prominent American scholars in the first half of the twentieth century. The overriding theme of Dewey's works was his profound belief in democracy, be it in politics, education, or communication and journalism. As Dewey himself stated in 1888, while still at the University of Michigan, "Democracy and the one, ultimate, ethical ideal of humanity are to my mind synonymous." Dewey considered two fundamental elements—schools and civil society—to be major topics needing attention and reconstruction to encourage experimental intelligence and plurality. He asserted that complete democracy was to be obtained not just by extending voting rights but also by ensuring that there exists a fully formed public opinion, accomplished by communication among citizens, experts and politic ...
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Post-normal Science
Post-normal science (PNS) was developed in the 1990s by Silvio Funtowicz and Jerome R. Ravetz.Funtowicz, S. O. and Ravetz, J. R., 1991. "A New Scientific Methodology for Global Environmental Issues", in Costanza, R. (ed.), Ecological Economics: The Science and Management of Sustainability: 137–152. New York: Columbia University Press.Funtowicz, S. O. and Ravetz, J. R., 1992. "Three types of risk assessment and the emergence of postnormal science", in Krimsky, S. and Golding, D. (eds.), Social theories of risk: 251–273. Westport, Connecticut: Greenwood. It is a problem-solving strategy appropriate when "facts reuncertain, values in dispute, stakes high and decisions urgent", conditions often present in policy-relevant research. In those situations, PNS recommends suspending temporarily the traditional scientific ideal of truth, concentrating on quality as assessed by internal and extended peer communities. PNS can be considered as complementing the styles of analysis bas ...
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Paul-Marie Boulanger
Paul-Marie Boulanger is a Belgian sociologist active in the study of sustainable development and consumption. Works Paul-Marie Boulanger received his degrees in sociology from the University of Strasbourg and that of Leuven. His work at the Demography Department of the Catholic University of Leuven focused on demographic, social security and labour market, while when working at the European Agency for Development and Health he was concerned – also as responsible of the Agency’s information system – with food security and famine prevention in Africa. Paul-Marie Boulanger is one of the founders of the Institute for Sustainable Development (Belgium) where he worked since 1996 on sustainable development and transitions. Between 1999 and 2016 he was president of the Institute. Several of his papers are in the theory of sustainable development and consumption. His work on models for sustainable development has been used by several authors. Boulanger also worked on social in ...
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Joint Research Centre
The Joint Research Centre (JRC) is the European Commission's science and knowledge service which employs scientists to carry out research in order to provide independent scientific advice and support to European Union (EU) policy. The JRC is a directorate-general of the European Commission under the responsibility of Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth. The current director-general of the JRC is Stephen Quest, who took office in 2020, succeeding Vladimír Šucha. Its Board of Governors assists and advises the director-general on matters relating to the role and the scientific, technical and financial management of the JRC. Composed of strategy and coordination, knowledge production, knowledge management and support directorates, the JRC is spread across six sites in five EU countries: in Belgium (Brussels and Geel), Germany (Karlsruhe), Italy ( Ispra), the Netherlands ( Petten), and Spain (Seville). Their responsibiliti ...
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Variance
In probability theory and statistics, variance is the expectation of the squared deviation of a random variable from its population mean or sample mean. Variance is a measure of dispersion, meaning it is a measure of how far a set of numbers is spread out from their average value. Variance has a central role in statistics, where some ideas that use it include descriptive statistics, statistical inference, hypothesis testing, goodness of fit, and Monte Carlo sampling. Variance is an important tool in the sciences, where statistical analysis of data is common. The variance is the square of the standard deviation, the second central moment of a distribution, and the covariance of the random variable with itself, and it is often represented by \sigma^2, s^2, \operatorname(X), V(X), or \mathbb(X). An advantage of variance as a measure of dispersion is that it is more amenable to algebraic manipulation than other measures of dispersion such as the expected absolute deviatio ...
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