Cluster analysis applied to fuel price data in Campina Grande

This work uses cluster analysis to analyze similarities in the prices of regular gasoline and ethanol in Campina Grande-PB, Brazil. This multivariate statistical technique groups similar elements into distinct clusters using the non-hierarchical method (k-means). The analysis reports three clusters: cluster 1 has the lowest prices, while cluster 3 has the highest. We report descriptive statistics and a discussion based on the empirical local context.

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Publication Details

Journal
Socioeconomic Analytics
Published
2024-12-20
DOI
https://doi.org/10.51359/2965-4661.2024.265075
Citations
1
Primary Topic
Multi-Criteria Decision Making
Type
article
Field-Weighted Citation Impact
0.49
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article

Cluster analysis applied to fuel price data in Campina Grande

Hiago José Andrade de Albuquerque Martins, R. M. da Silva, Lucas Cardoso Pereira, T. da S. Azevedo
1 citations
Socioeconomic Analytics
Multi-Criteria Decision Making
0.49
article

Cluster analysis applied to fuel price data in Campina Grande

Hiago José Andrade de Albuquerque Martins, R. M. da Silva, Lucas Cardoso Pereira, T. da S. Azevedo
article en
1 citations

Abstract

This work uses cluster analysis to analyze similarities in the prices of regular gasoline and ethanol in Campina Grande-PB, Brazil. This multivariate statistical technique groups similar elements into distinct clusters using the non-hierarchical method (k-means). The analysis reports three clusters: cluster 1 has the lowest prices, while cluster 3 has the highest. We report descriptive statistics and a discussion based on the empirical local context.

Socioeconomic AnalyticsVol. 2(1)
Universidade Estadual da Paraíba (BR)
Openalex Percentile: Top 27%
Multi-Criteria Decision Making
0.49
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