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In the article a problem of modelling of standards of living is presented. The standards of living problem is described for real data set about 17 member states of European Monetary Union. It focuses on the quality of life and economic prosperity of the country. Models of Quality of life index, Prosperity index and Complete Standard of Living were proposed and analysed on the basis of cluster analysis algorithm TwoStep. Models were realised in SPSS Clementine.
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Křupka et al. (2022) studied this question.
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