2 Macroeconometrìc Analysis of Quality of Life: Measurement of the Synthetic Latent Categories

Section 1.3 of Chapter 1 provides an analytical review of existing so far world's most well-known methods of modelling and measurement of synthetic (latent) categories of quality of life (QOL) both within the objectivist and subjectivist approaches including their simultaneous use. There were also the following main drawbacks of almost all of these methods.

(a) In all the methods it is proposed to construct the integral indicator y, which measures the analysed synthetic latent category QOL only in the form of a linear function from a set indicators that we have at our disposable (partial criteria) . In the objectivist approach the statistical indicators ...

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