The use of simple methods of multi-dimensional comparison: the analysis of household debt

Viera Labudová, Faculty of Economic Informatics, University of Economics in Bratislava, Slovak Republic

Pages: 54 – 74

Abstract

This article deals with simple methods of the multi-dimensional comparison (the ranking method, the scoring method and the distance method from a fictitious object) and their practical application in the analysis of households‘ indebtedness of selected EU countries. In the first part of the article we describe the principle of these methods. In the second part we deal with the spatial analysis of household debt in the countries that participated in the second wave of the Household Finance and Consumption Survey (HFCS). We used data from the second wave of this survey to compare the countries.

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