Word info

Herfindahl index

Noun

Meaning

Herfindahl index

(economics) A measure of the size of firms in relation to the industries they operate in, serving to indicate the amount of competition among them.

Source: en.wiktionary.org

Examples

The advantage I can see of using entropy is that it has a clean statistical interpretation in the affinity context which, at first glance, I can’t map to the Herfindahl index. Source: Internet

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