correlation. Our experiments suggest that the indices so constructed are inclusive or egalitarian. They do not prefer the highly … correlated set of variables. The index so constructed is elitist in nature that has a preference to the highly correlated subset …

representation to the poorly correlated variables, it is elitist. The PCA index is often elitist, particularly for an under …-à-vis the PCA index). These indices are inclusive in nature, caring for the representation of the poorly correlated variables … cares most for the least correlated variable and in so doing becomes egalitarian in nature. …

. Alternatively, the principal component analysis (PCA) may be applied to derive weights. But, again, the PCA is an overly elitist … correlation of the composite index with the constituent indices. Such an index is inclusive in nature and gives proper …