Abstract
The present paper is concerned with the study of the quality of life index. Such an index has become an important index for measuring the well-being of individuals. However, the quality of life index is always subjective, intangible, and often hard to quantify with precision due to the lack of quantitative models. The main goal of the present paper is thus to propose a mathematical, quantitative model for the measurement of a quality of life index. The main novelty is firstly the construction of a wavelet dynamic multiscale model to quantify and investigate the effect of time scale on the quality of life index measuring. The proposed procedure is acted empirically on a sample corresponding to Saudi Arabia as a case study during the period from 2003 to 2020 as part of the 2030 vision plan. Saudi Arabia has implemented the so-called 2030 vision plan where quality of life improvement is one of the main goals. The findings show that wavelets are capable of localizing the time-wise behavior of the index contrarily to classical studies, which estimate a global view of the index. Moreover, the study shows the link between the quality of life behavior and many other indices.