My research topic is on family influence, financial outcomes and moderating role of financial education: Evidence from equity investors.
For financial outcomes (dependent variable) I have few determinants such as total investment, share portfolio value, investment strategy, awareness about technical indicators, expected future performance. So when creating the econometrics model should I assign weights or create an index for those determinants. If the scholar has not given the weights or an index what can I do?
Whenever you are assigning weights with the explanatory variables to construct an econometric models you can go for a simple Principle Component Analysis and you may apply orthogonal deviation methods taking the values of your data set and you may find a composite weight for your explanatory variables that can be applied in you econometric model for your analysis.
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