Open AccessStandards of Living Indices Modelling in European Monetary Union Members Countries
Author(s) -
Jiří Křupka,
Romana Provazníková,
Jan Langer,
Miloslava Kašparová
Publication year - 2022
Publication title -
international journal of economics and statistics
Language(s) - English
Resource type - Journals
ISSN - 2309-0685
DOI - 10.46300/9103.2022.10.28
Subject(s) - prosperity , standard of living , index (typography) , european union , living cell , quality (philosophy) , set (abstract data type) , geography , economics , international trade , economic growth , computer science , biology , philosophy , epistemology , world wide web , biological system , market economy , programming language
In the article a problem of modelling of standards of living is presented. The standards of living problem is described for real data set about 17 member states of European Monetary Union. It focuses on the quality of life and economic prosperity of the country. Models of Quality of life index, Prosperity index and Complete Standard of Living were proposed and analysed on the basis of cluster analysis algorithm TwoStep. Models were realised in SPSS Clementine.