Kitti Fodor
Using Multivariate Statistical Methods for Analysing Financial Literacy, as a Possible Appearance of Social Innovation
financial literacy interesting research area paper aim answer three important questions financial literacy help statistical methods predicted whether country appropriate level financial literacy homogenous groups identified among observed countries income group influence level financial literacy prediction financial literacy used membership logistic regression two independent variables human development index government expenditure education gdp able achieve classification accuracy 885 answer second question created clusters used wards method create five homogeneous groups identified one group extremely low level financial literacy answer third question used chisquare test independence analysis came conclusion financial literacy income group independent