Evaluating the Performance of Feature Selection Methods Using Huge Big Data: A Monte Carlo Simulation Approach
Table 4
Variables description.
Sr. no.
Variables
Symbol
Definition/construction
Source of data
1
Workers’ remittances
WR
The transfer of foreign money by migrated workers to Pakistan.
SBP
2
Interest rate
INT
Call money rate
SBP
3
Gold prices
GOLD
Gold prices is defining the price of gold in which the gold is traded on gold market.
SBP
4
Development expenditure
DEX
It is the type of expenditure that helps the economic and social development of the country—for example, the expenditure on education, health, etc.
SBP
5
Major agriculture crops
AGC
Major agriculture crops are wheat, rice, cotton, sugarcane, maize etc.
SBP
6
Inflation
INF
Inflation is the increase in the price of goods and services over time at a general level. Inflation rate is measured by CPIt - CPIt-1/CPIt-1 100
SBP
7
Foreign direct investment
FDI
FDI is the type of investment in which the people or organization of one country invested in company of property of other countries.
SBP
8
Trade openness
TO
Trade openness is defined as the ratio of trade to GDP
SBP
9
Exchange rate/Nominal exchange rate
EXR
Value of the rupees per unit of US dollar
IFS
10
Stock market performance
SP
Share prices
IFS
11
Investment return of pak
IRPak
0.8INTPk + 0.2dLn (SPPk) where INTPk is interest rate and SPPk is share prices of Pakistan.
IFS
12
Investment return of US
IRUS
0.8INTUS + 0.2dLn (SPUS) Where INTUS is interest rate and SPUS is share prices of US.
IFS
13
Real domestic product
GDP
It is defined as the total value of final goods and services which are produced inside the boundary of the country in a given period.
WDI
14
Unemployment
UEMP
Unemployment is defined as the people who want to work but do not have a job.
WDI
15
Foreign debts
DEBT
Foreign debt is money that one country borrowed from an outside country or organization. It is also known as external debt.
WDI
16
Real effective exchange rate
REER
It is defined as the nominal effective exchange rate which is divided by a price deflator.
WDI
17
Secondary school enrolment
SSEN
Secondary school enrolment is defined as the number of students who are enrolled in secondary school.
WDI
18
Financial liberalization
FINL
The data on financial liberalization is taken from Shabbir (2013). He used the following formula for the construction of financial liberalization.
Shabbir (2013)
19
Job skill index
The job skill index is constructed with the help of weighted index of the different skill categories.
Bureau of emigration and overseas employment
20
Wage rate
WAGE
The amount of wage that is paid to the worker per unit of time.
Bhatti(2018)
21
Democracy
DMOC
Democracy is the type of government in which people elect their representatives.
ICRG
22
Internal conflict
ICNF
Internal conflict is defined as the political violence inside the country and its actual influence on the governance.
ICRG
23
External conflict
XCNF
External conflict is defined as the problem such as diplomatic pressures, trade restrictions, etc., to the mandatory government from the foreign action to violent external pressure.
ICRG
24
Law and order situation
LAOR
Law and order situation is defined as the condition when people follow the rule and regulations. There is no violence or threats, and the police control all the crimes, etc.
ICRG
25
Corruption
CRRP
The illegal actions by powerful people such as bureaucrats, government, police, etc.
ICRG
26
Terrorism index (no’ of attacks)
TIND
It is the use of violence and threats for the purpose of achieving political and ideological objectives.
ICRG
27
Government stability
GS
Whenever the representative of the govt. change without any threats of violence, it is known as political stability.
ICRG
28
Black market premium
BMP
Black market premium is defined as the percentage difference between the black market exchange rate and official exchange rate.
