Abstract

MONDEJAR-JIMENEZ, José  and  VARGAS-VARGAS, Manuel. Synthetic indicators: a revision of aggregation methods. Econ. soc. territ [online]. 2008, vol.8, n.27, pp.565-585. ISSN 2448-6183.

An adequate way to objectively monitor the current economical situation consists on applying statistical/econometric models. Several difficulties may arise from the available indicators used; however these can be avoided by using synthetic indicators. In order to do so, it is necessary to select basic economic indicators, extract from them relevant information and aggregate them in a convenient way to obtain a synthetic indicator that summarises their common characteristics. In this paper we analyse several procedures and techniques to create traditional synthetic indicators; we also include new formulations based on indicator aggregation in the state space.

Keywords : synthetic indicators; economical analysis; aggregation methods.