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Re: How to arrive at final wealth index score using PCA [message #30303 is a reply to message #28666]

Wed, 30 October 2024 21:27

sgerrarevas
Messages: 1
Registered: October 2024

Member

Using the predict command after running PCA will give you the factor scores based on the component you specified. This score can serve as a wealth index, but it is important to ensure that the PCA model is appropriately specified (e.g., the number of components retained). However, simply using the factor scores without additional adjustments (like standardization or weighting) might not fully align with the methodology used in the DHS to create their wealth index.

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[Message index]

		How to arrive at final wealth index score using PCA By: annabellebronson on Mon, 19 February 2024 05:10
		Re: How to arrive at final wealth index score using PCA By: Janet-DHS on Wed, 28 February 2024 14:01
		Re: How to arrive at final wealth index score using PCA By: sgerrarevas on Wed, 30 October 2024 21:27
		Re: How to arrive at final wealth index score using PCA By: tahirandreas5 on Thu, 31 October 2024 17:22

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