COMPOSITE INDICATORS AS AN ADDITIONAL MEASURE FOR THE ASSESSMENT OF THE LITHUANIAN ECONOMY

Jurga Rukšėnaitė

Abstract


In this research, a hypothesis about an addi­tional measure that could be used as an additional tool for the analysis and assessment of economic trends in Lithuania is put forward. This additional measure has been constructed as a composite indica­tor, involving social and economic fields. Moreover, the paper presents business cycles, evaluated using the Hodrick–Prescott filter.

For many frequently purchased products, how­ever, it is unlikely that consumers actively process information about many brands on many attributes before making a choice. Rather, their behaviour is likely to be relatively routinized. Hence, these models are useful for explaining preference formation and indicating the most likely long-run equilibrium posi­tions, but are not necessarily good models for repeti­tive decision-making.

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Lithuanian Journal of Statistics ISSN 1392-642X, eISSN 2029-7262
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