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How to calculate Relative Importance Index using Likert’s scale?
How to calculate Relative Importance Index using Likert’s scale?
Relative Importance Index is calculated for each of the indicators and ranked accordingly. The RII derived to summarize the importance of each indicator:
Where,
W = weighting as assigned on Likert’s scale by each respondent in a range from 1 to 5, where 1 = no impacts, 2 = negligible impact, 3 = marginal impact, 4 = moderate impact and 5 = major impact.
A = Highest weight (here it is 5)
N =Total number in the sample.