Question

In: Economics

Which metric asks how things are measuring up in comparison to other variables? Select one or...

Which metric asks how things are measuring up in comparison to other variables?

Select one or more:

a. Numeric

b. Rating Scale

c. Trends

d. Percentage

Solutions

Expert Solution

The correct answer is:

d. Percentage

Explanation of the various options:

a. Numeric -

It is stand alone, and doesn't involve comparison to other variables by default.

For comparisons, other variables have to be included by the researcher.

b. Rating Scale -

It is stand alone, and doesn't involve comparison to other variables by default.

For comparisons, ratings of other variables have to be included by the researcher.

A researcher can create a complex relative rating scale - but a simple rating scale is not relative.

c. Trends -

It is stand alone, and doesn't involve comparison to other variables.

Trends of one variable need to be compared with trends of other variables.

d. Percentage -

It is a ratio, by default. It is a relative term.

It will have a numerator and a denominator, and thus will always compare one variable to another.

Rahul Sunny answered 2 years ago
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