Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research

In view of the existing literature panel data factor analysis model in practical application of the deficiency, this paper established the model of factor analysis based on TOPSIS method, which is applied to the analysis of the panel data factor in practice. Compared with the generalized dynamic fac...

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Main Authors: Guowang Luo, Yanmin Liu, Xiaoling Mo
Format: Article
Language:English
Published: Wiley 2017-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2017/9173460
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author Guowang Luo
Yanmin Liu
Xiaoling Mo
author_facet Guowang Luo
Yanmin Liu
Xiaoling Mo
author_sort Guowang Luo
collection DOAJ
description In view of the existing literature panel data factor analysis model in practical application of the deficiency, this paper established the model of factor analysis based on TOPSIS method, which is applied to the analysis of the panel data factor in practice. Compared with the generalized dynamic factor analysis model, the model does not need to satisfy the 4 assumptions of the generalized dynamic factor analysis model at the same time. The model is calculated with regard to every year’s cross section data factor composite scores the highest and lowest, respectively, for the best and worst vector. By TOPSIS theory, the optimal factor scheme approach degree of each research object is obtained. Take the development of China’s service industry as an example; use the optimal factor scheme proximity of model degree to depict the eastern, central, and western development of service industry. The study found that the development of service industry in eastern provinces and in central and western regions differs greatly. In total, China’s service industry has a great development space.
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issn 1026-0226
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publishDate 2017-01-01
publisher Wiley
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series Discrete Dynamics in Nature and Society
spelling doaj-art-592572ecbb6c4183a20bd778bc8bf2912025-02-03T05:58:36ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2017-01-01201710.1155/2017/91734609173460Factor Analysis Model Based on the Theory of the TOPSIS in the Application ResearchGuowang Luo0Yanmin Liu1Xiaoling Mo2School of Mathematics, Zunyi Normal College, Guizhou, Zunyi 563006, ChinaSchool of Mathematics, Zunyi Normal College, Guizhou, Zunyi 563006, ChinaCollege of Computer Science & Technology, GuiZhou University, Guiyang 550025, ChinaIn view of the existing literature panel data factor analysis model in practical application of the deficiency, this paper established the model of factor analysis based on TOPSIS method, which is applied to the analysis of the panel data factor in practice. Compared with the generalized dynamic factor analysis model, the model does not need to satisfy the 4 assumptions of the generalized dynamic factor analysis model at the same time. The model is calculated with regard to every year’s cross section data factor composite scores the highest and lowest, respectively, for the best and worst vector. By TOPSIS theory, the optimal factor scheme approach degree of each research object is obtained. Take the development of China’s service industry as an example; use the optimal factor scheme proximity of model degree to depict the eastern, central, and western development of service industry. The study found that the development of service industry in eastern provinces and in central and western regions differs greatly. In total, China’s service industry has a great development space.http://dx.doi.org/10.1155/2017/9173460
spellingShingle Guowang Luo
Yanmin Liu
Xiaoling Mo
Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
Discrete Dynamics in Nature and Society
title Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
title_full Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
title_fullStr Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
title_full_unstemmed Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
title_short Factor Analysis Model Based on the Theory of the TOPSIS in the Application Research
title_sort factor analysis model based on the theory of the topsis in the application research
url http://dx.doi.org/10.1155/2017/9173460
work_keys_str_mv AT guowangluo factoranalysismodelbasedonthetheoryofthetopsisintheapplicationresearch
AT yanminliu factoranalysismodelbasedonthetheoryofthetopsisintheapplicationresearch
AT xiaolingmo factoranalysismodelbasedonthetheoryofthetopsisintheapplicationresearch