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Journals / Alphanumeric Journal / 2018 / Cilt 6, Sayı 1, 2018

Economic Freedom Index Calculation Using FCM

Necati Alp ERİLLİ
Pages
93–116
Publication Date
2018-06-26
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is showed that FCM is an alternative method for index calculating systems.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Öz The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations.
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Key Findings & Data:Results compared with indices calculated by The Heritage Foundation for the year 2013, 2014, 2015 and 2016.
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Conclusion & Impact:It is showed that FCM is an alternative method for index calculating systems.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Anahtar Kelimeler Fuzzy Clustering · Economic Freedom · Classification

Özet

Öz The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations. There are many kinds of Economic Freedom Indices depending on variables which many institute or company determine for their research. The aim is to predict countries or regions according to economic parameters. In this study, fuzzy clustering algorithm is proposed for economic freedom ındex calculation. By using degree of memberships founded by FCM, Economic Freedom index will be calculated for regions. Results compared with indices calculated by The Heritage Foundation for the year 2013, 2014, 2015 and 2016. It is showed that FCM is an alternative method for index calculating systems.

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Cite This Article

ERİLLİ, N. A. (2018). Economic Freedom Index Calculation Using FCM. Alphanumeric Journal, Cilt 6, Sayı 1, 2018, 93–116. https://ajindex.com/articles/63551

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