What is the difference between the weighted and unweighted innovation variables?
For the innovation variables in the Basic Scorecard, there is an option to either have the variables weighted by total population (divided by total population measured as millions of persons) or unweighted (not divided by anything). Innovation variables that are weighted by population indicate the strength of the innovation pillar while accounting for the total population of the economy, which is a commonly accepted norm of presenting macro variables such as GDP per capita or number of births per thousand persons. Innovation variables that are unweighted indicates the critical mass effect where there tends to be more creativity and innovation, the greater number of people within a specific geographical location to exchange ideas.
