Explore the Data for NRI and Competitiveness rankings from the World Economic Fo
ID: 3849419 • Letter: E
Question
Explore the Data for NRI and Competitiveness rankings from the World Economic Forum Reports for the last ten years. Do you suspect any relationship between NRI and Competitiveness scores – i.e. if NRI score goes up/down will the competitiveness score goes up or down? Is there any cause and effect relationship? Are there any common factors that contribute to both the scores? If you want to establish a statistical relationship in a scientific manner between the two, what kind of statistical analysis is appropriate. You do not have to do any statistical analysis for this assignment. Explore the data for NRI, and Competitiveness rankings from the World Economic Forum explain how you will use the data, and what kind of statistical analysis you will do. Please provide some preliminary evidence, if you suspect any relationships between the scores or the factors used to compute the scores.
The link to the NRI is: http://www3.weforum.org/docs/GITR2016/GITR_2016_full%20report_final.pdf
Explanation / Answer
The global Competitiveness Report has been used by policymakers, business executives, and academics as a development tool that contribute to economy productivity and its ability to achive level of prosperity and growth.
this year edition highlight that declining openness is threatening growth and prosperity.also highlights that monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied.
The compulation of overall NRI score is based on successive aggregation of scores: individual indicators are aggregated to obtain pillar scores. subindex scores are in turn combined to produce a country's overall NRI scores.
The 2015 edition of the survey was completed by over 14000 business executives in more than 140 countries.
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