Hi Folks,
1. All things being equal, What is the best way to combine ordinal, binomial and interval items into a composite score/index as one of many other variables for later use in a multivariate correlation and regression analysis.
Options 1
1. Convert items into the lowest level of measurement i.e. Interval and Binomial into ordinal levels of measurement
2. Re-scale all items by normalizing using feature scaling into a range between 0 & 1
3. Find the average to generate a score
Options 2
1. Standardize [z-score] all the items
2. Sum [or average ?] them up to generate a overall score
Other questions
1. What informs the choice to either sum or average when generating an overall score
2. What is a relative score and how exactly does one generate a relative score for items as above i.e. ordinal, binomial, interval items