Construction of Wealth Index | Principal Component Analysis (PCA)
How to Create of Wealth Quintiles
Construction of Wealth Index is always a keen task in the data analysis, especially when someone analyzing social indicators. In this video we discussed in detail about the theory of Wealth Index, economic interpretation and the concept of Principal Component Analysis (PCA). In second part of the video, the wealth index is computed through SPSS #an then the wealth scores are converted into Wealth Quintiles. Perform all the steps mentioned in the video on your data and compute the wealth quintiles of your data, Enjoy!
#spss #wealthindex #wealthquintiles #recoding #pca #kjlectures