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.
Authors
- Hiago José Andrade de Albuquerque Martins (ORCID: https://orcid.org/0000-0002-9843-8259)
- R. M. da Silva
- Lucas Cardoso Pereira (ORCID: https://orcid.org/0000-0002-4790-6243)
- T. da S. Azevedo
Institutions
- Universidade Estadual da Paraíba (BR)
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