Selection and statistical analysis of compositional ratios
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- dc.contributor.author Greenacre, Michaelca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:51Z
- dc.date.available 2017-07-26T10:50:51Z
- dc.date.issued 2016-08-01
- dc.date.modified 2017-07-23T02:18:00Z
- dc.description.abstract 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.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1551
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/32637
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1551
- dc.rights L'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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword compositional data
- dc.subject.keyword logarithmic transformation
- dc.subject.keyword log-ratio analysis
- dc.subject.keyword multivariate analysis
- dc.subject.keyword ratios
- dc.subject.keyword univariate statistics.
- dc.title Selection and statistical analysis of compositional ratiosca
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper