A Framework for Measuring the Importance of Variables with Applications to Management Research and Decision Models

@article{Soofi2000AFF,
  title={A Framework for Measuring the Importance of Variables with Applications to Management Research and Decision Models},
  author={Ehsan S. Soofi and Joseph J. Retzer and Masoud Yasai-Ardekani},
  journal={Decision Sciences},
  year={2000},
  volume={31},
  pages={595-625}
}
In many disciplines, including various management science fields, researchers have shown interest in assigning relative importance weights to a set of explanatory variables in multivariable statistical analysis. This paper provides a synthesis of the relative importance measures scattered in the statistics, psychometrics, and management science literature. These measures are computed by averaging the partial contributions of each variable over all orderings of the explanatory variables. We… CONTINUE READING