Project

General

Profile

Actions

Support #2227

open

Help needed with individual variable weighting

Added by William Pilcher 5 days ago. Updated about 6 hours ago.

Status:
Feedback
Priority:
Normal
Category:
Weights
Start date:
03/20/2025
% Done:

60%


Description

Good afternoon everyone,

I hope I'm not repeating a previously discussed question - I have had a look and didn't find anything, so sorry if I've missed my solution!

I am currently completing an econometric analysis whereby I'm creating a composite metric for prosperity through a regression model that uses many variables from the UKHLS (income, employment, health, etc).
My approach is to compose a unique value for this metric year by year, with a view to then compare how this prosperity metric has changed over time, before comparing it to GDP changes over the same time period.
My issue is with deriving the individual weightings for the selected variables in my regression model. I've gone through the documention provided as well as watching the video explaining weightings, but I don't think they apply to my use case. If they do, I could really use some help in how to assign them to each variable within my regression, as I'm quite a novice with this approach currently!

Many thanks in advance for the help.
Will

Actions #1

Updated by Understanding Society User Support Team 5 days ago

  • Category set to Weights
  • Status changed from New to In Progress
  • Assignee changed from Understanding Society User Support Team to Olena Kaminska
  • Private changed from Yes to No
Actions #2

Updated by Olena Kaminska 4 days ago

Will,

I am not sure whether this will help, but our weights should be used separately to analytic weights, or weighting scores in any composite metric you create.

You should create your measure first (our weights would normally not be used for this - this is theory based, with the exception if you want to use population percentiles for example, these would be weighted using our weights first). Then use our weights when you estimate the measure distribution in a population. At that stage please consider which variables (from which waves and instruments) you used in order to create you measure. They will help you to choose the weight. All other materials you mentioned will lead you to selecting a correct weight.

More information is here:
https://www.understandingsociety.ac.uk/wp-content/uploads/working-papers/2024-01.pdf
https://www.youtube.com/watch?v=6xwrIdUmxts

Hope this helps,
Olena

Actions #3

Updated by Understanding Society User Support Team about 6 hours ago

  • Status changed from In Progress to Feedback
  • % Done changed from 0 to 60
Actions

Also available in: Atom PDF