The accompanying data set contains economic development indicators for 11 African countries collected by the World Bank
Question:
The accompanying data set contains economic development indicators for 11 African countries collected by the World Bank in 2015. The economic development indicators include annual % growth in agriculture (Agriculture), annual % growth in exports (Exports), annual % growth in final consumption (Final consumption), annual % growth in GDP (GDP), and annual % growth in GDP per capita (GDP Per Capita). A portion of the data set is shown in the accompanying table.
a. Perform k-means clustering to group the countries into three clusters using all the development indicators. Is data standardization necessary in this case?
b. What is the size of the largest cluster? Which cluster has the highest average growth in GDP per capita?
Step by Step Answer:
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen