Research Article
Application of Factor Analysis and Cluster Analysis in Regional Economics A Case Study of Beijing Tianjin Hebei Urban Agglomeration
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327702, author={Jia Li}, title={Application of Factor Analysis and Cluster Analysis in Regional Economics A Case Study of Beijing Tianjin Hebei Urban Agglomeration}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={cluster analysis; factor analysis; beijing-tianjin-hebei urban agglomeration}, doi={10.4108/eai.9-12-2022.2327702} }- Jia Li
Year: 2023
Application of Factor Analysis and Cluster Analysis in Regional Economics A Case Study of Beijing Tianjin Hebei Urban Agglomeration
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327702
Abstract
This paper uses cluster analysis and factor analysis to study the economic status of Beijing Tianjin Hebei Urban Agglomeration. We include the variables such as the regional GDP and the general public budget income of 167 districts and counties in the urban agglomeration into the public factors, then use the public factors and their factor contribution rate to construct the comprehensive factor score, then conduct cluster analysis according to the comprehensive factor score ranking, and finally conduct comparative analysis.
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