akramhijazi

Number of Cluster Firms

Could I have number of Clusters in total
Add a comment
0%

1 reply

hollyb
well, the optimal number of clusters is somehow subjective and depends on the method used for measuring similarities and the parameters used for partitioning. A simple and popular solution consists of inspecting the dendrogram produced using hierarchical clustering to see if it suggests a particular number of clusters. For more informations about hierarchical clustering algorithms, look there: Hierarchical Clustering Algorithms-Recognizing Patterns and Classifying Them-Lecture Slides, Slides for Pattern Classification and Recognition
Add a comment