Dear All,
I would much appreciate your advice on the following issue.
Let's say there are 5 variables (continuous) which are used in the
Euclidean distance formula. Currently, all variables have weighting=1.
There is a subjective opinion that some variables are more important
that others and that different weightings should be applied.
I would be grateful to colleagues who experienced similar problem for
the advice on the statistical procedure that could help to estimate the
"importance" of individual variables e.g. that X3 in most important of
all, X5 is second most important etc. and based on which the values of
weightings could be estimated (e.g. 1*X3, 0.7*X5, 0.5*X1 and so on).
Best regards,
Magda
P.S. Could you, please respond to me:
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