painoarvoja
Painoarvoja is a Finnish term that translates to "weight values" or "weights" and is used to denote numerical coefficients that represent the relative importance of components in a composite measure, model or decision process. In quantitative contexts, painoarvoja modify contributions of individual variables in weighted sums, averages, indices and scoring formulas to reflect differing significance, reliability or scale.
Applications of painoarvoja appear in statistics (survey weighting, weighted means), composite indicators (economic or social indices),
Determination of painoarvoja may be empirical or subjective. Empirical methods include regression, optimization, principal component analysis
Practical considerations include transparency of how painoarvoja were derived, sensitivity analysis to test robustness of conclusions,