Selection and statistical analysis of compositional ratios

dc.contributor.authorGreenacre, Michaelca
dc.contributor.otherUniversitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned2017-07-26T10:50:51Z
dc.date.available2017-07-26T10:50:51Z
dc.date.issued2016-08-01
dc.date.modified2017-07-23T02:18:00Z
dc.description.abstractCompositional 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.
dc.format.mimetypeapplication/pdfca
dc.identifierhttps://econ-papers.upf.edu/ca/paper.php?id=1551
dc.identifier.citation
dc.identifier.urihttp://hdl.handle.net/10230/32637
dc.language.isoeng
dc.relation.ispartofseriesEconomics and Business Working Papers Series; 1551
dc.rightsL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.keywordcompositional data
dc.subject.keywordlogarithmic transformation
dc.subject.keywordlog-ratio analysis
dc.subject.keywordmultivariate analysis
dc.subject.keywordratios
dc.subject.keywordunivariate statistics.
dc.titleSelection and statistical analysis of compositional ratiosca
dc.title.alternative
dc.typeinfo:eu-repo/semantics/workingPaper

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