Inventing a Metric — Redux
Originally written by Analytics Demystified on October 1, 2007
Shortly after posting my last entry, there were a couple of responses:
Wandering Dave, the poster whose entry sparked the thought, complimented me on the idea (and made some additional comments/cautions regarding the topic).
And, ultimately, the original poster wrote: “The Herfindahl-Hirschman Index is very promising and I am working onhow this behaves and reflects different scenarios. I’ll report back when I have tried it out on a few more sets of data.”
I hope it works out. I continue to be fairly tickled with the idea.