Selection and statistical analysis of compositional ratios

Otros/as autores/as

Universitat Pompeu Fabra. Departament d'Economia i Empresa

Fecha de publicación

2017-07-26T10:50:51Z

2017-07-26T10:50:51Z

2016-08-01

2017-07-23T02:18:00Z

Resumen

Compositional data are nonnegative data with the property of closure: that is, each set of values on their components, or so-called parts, has a fixed sum, usually 1 or 100%. Compositional data cannot be analyzed by conventional statistical methods, since the value of any part depends on the choice of the other parts of the composition of interest. For example, reporting the mean and standard deviation of a specific part makes no sense, neither does the correlation between two parts. I propose that a small set of ratios of parts can be determined, either by expert choice or by automatic selection, which effectively replaces the compositional data set. This set can be determined to explain 100% of the variance in the compositional data, or as close to 100% as required. These part ratios can then be validly summarized and analyzed by conventional univariate methods, as well as multivariate methods, where the ratios are preferably log-transformed.

Tipo de documento

Documento de trabajo

Lengua

Inglés

Documentos relacionados

Economics and Business Working Papers Series; 1551

Citación recomendada

Esta citación se ha generado automáticamente.

Derechos

L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons

http://creativecommons.org/licenses/by-nc-nd/3.0/es/

Este ítem aparece en la(s) siguiente(s) colección(ones)