Current inequality and market consumption modelling appears to be subjective. Here the authors combined all three axes of poverty modelling - Engel-Krishnakumar’s microeconomics, Aoki-Chattopadhyay’s mathematical precept and found that multivariate construction is a key component of economic data analysis, implying all modes of income and expenditure need to be considered to arrive at a proper weighted prediction of poverty.
- Amit K. Chattopadhyay
- T. Krishna Kumar
- Iain Rice
