A global socioeconomic study based on the 2019 Index of Economic Freedom - A White Paper from XLSTAT

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Introduction

This white paper aims to identify groups of countries with similar socioeconomic indicators using the Index of Economic Freedom.

Descriptive statistics, boxplots, k-means clustering and variables characterization are some of the XLSTAT tools used for the purpose of this analysis.

Table of contents

  1. Introduction
  2. Descriptive analysis of indicators
    1. GDP growth
    2. Corporate tax rate
    3. Infant mortality rate (less than 1 year old)
  3. Classifying countries into homogeneous groups
    1. Choosing the number of clusters
  4. Cluster profile analysis
  5. Visualizing the classification
  6. Conclusion
  7. Additional information

 


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This module focuses on Analysis of Variance, but this technique makes assumptions about the underlying distributions in our data

This course covers the excellent features in XLSTAT for investigating, visualising and modelling data sets with measurements on many variables.

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