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Ranking cities on Multiple variables

  1. #1
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    Ranking cities on Multiple variables

    What is the best possible methods to rank cities on multiple variables? I want to rank them in order to prioritize some marketing program. Should i just construct a weighted index?? i Have attached a sample list. Actually i have to rank some 500 cities in order to see which among them would be most suitable. Marketing program is focused on selling a financial product/ instrument.Rank_Cities.xlsx

  2. #2
    Forum Guru MarvinP's Avatar
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    Re: Ranking cities on Multiple variables

    Hi Learn2earn and welcome to the forum,

    I believe good ranking needs to be based on the average and standard deviation. See the attached whee I do this for each score for each city. Then you can average these T Scores.

    The average score is 50 and a standard deviation is 10, so 60 is one standard deviation above average.
    Attached Files Attached Files
    One test is worth a thousand opinions.
    Click the * Add Reputation below to say thanks.

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