Vol. 11 No. 1
Flower production index using principal component analysis
Author(s): MANOJ KUMAR, A. MAJUMDER, G. R. MANJUNATHA AND 1K. SANJEEV
Abstract: An indicator is a quantitative or a qualitative measure of serially observed facts that can locate relative positions in a particular area. Indicators are useful for determining trends and drawing conclusions for particular issues in policy analysis. They can also be helpful in making policy and in monitoring performance. When several indicators are compiled into a single index using a specific technique, then a composite indicator is formed. The composite indicator measures multi-dimensional concepts, which cannot be explained by a single indicator. Here, Flower Production Index (FPI) has been constructed using Principal Component Analysis (PCA) for 18 districts of West Bengal, India. In present study, the indicators like production of Rose (PR), Production of Gladiolus (PG), Production of Marigold (PM) and production of seasonal flower (PSF) have been taken. This methodology for constructing composite index can also be used in multidimensional scaling.
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