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This provides information about the extent of convergence among the inflation rate series.
In contrast, for those groups mainly composed of non-tradable goods and services, a lower extent of convergence among provincial inflation pairs is expected.
Convergence metric γ: it is used to measure the extent of convergence to a known set of Pareto-optimal solutions, which is the minimum Euclidean distance between the chosen Pareto optimal solution and a known Pareto optimal solution.
This study separates products and manufacturing processes to develop questions of a survey for the IT convergence in order to measure the extent of convergence between IT and respective industries.
As a final exercise aimed at more formally determining the extent of convergence in each of the 12 COICOP groups of goods and services across the 50 provinces forming Spain, we apply the pairwise convergence approach of Pesaran (2007a) to each of these groups of goods and services over the 1994.1 2015.11 period.
for developing a new product through an information system 5800% Above 4 60–80% 3 40–60% 2 20 40% 1 20% Below When the full convergence between a product and IT is set as 7 points, and the full convergence between a process and IT is set as 7 points, the reference index is converted into 100 points to make the extent of convergence as an index.
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Furthermore, an IT convergence index framework was developed for objectively analyzing the extent of IT convergence.
And, Table 4 is an example of the measurement scales for the convergence between IT and processes, which shows measurements for the extent of the convergence between IT and a process before developing a new product.
Table 3 is an example of measurement scales for the convergence between IT and products, which shows measurements for the extent of the convergence between IT and the vehicle stability control system device.
Table 3 Extent of the convergence between IT and the vehicle stability control system device (example) Scale point Division Description 7 Full … 6 Convergence 5 Considerable … 4 Convergence 3 Slight … 2 Convergence 1 No Convergence ….
For example, the Table 7 shows the Extent of the Convergence between IT and the Vehicle Stability Control System Device.
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