The Centroid Method - Statistical Method of Territorial Profile Factor Analysis

10 Pages Posted: 24 May 2007  

Mariana-Elena Voineagu Balu

Spiru Haret University

Felix Furtuna

Bucharest Academy of Economic Studies

Date Written: November 2006

Abstract

The regional statistics provides the quantitative methods requested to a right knowledge of phenomena variability in territorial profile, as well as, the substantiation of regional strategies and policies of economic development. Also, the regional statistics supplies the explicit analyses of the space variability, being a principal instrument for the factor identification and evaluation of the disparities between "regional and territorial", between "territorial and national". In this way, the regional statistic research requires efficiency, particularity, opportunity, as the harmonization of national statistic information is not possible without taking into account the specific, regional and spatial variability.

The factor modeling of spatial phenomena, from the research point of view, is a paradigm that requires a large scale of statistic techniques and methods to explicitly analyzing the general phenomena within a geographic space.

The centroid method provides information about the extend to which, the joint factors, taken into consideration individually or in assembly, contribute to explaining the factor variability of the studied variable, enabling to select the joint factors with significant influence upon the analyzed model.

Keywords: regional statistics, factor modeling, centroid, factor axe, factor weights matrix

JEL Classification: C10

Suggested Citation

Balu, Mariana-Elena Voineagu and Furtuna, Felix, The Centroid Method - Statistical Method of Territorial Profile Factor Analysis (November 2006). Available at SSRN: https://ssrn.com/abstract=988287 or http://dx.doi.org/10.2139/ssrn.988287

Mariana-Elena Voineagu Balu (Contact Author)

Spiru Haret University ( email )

Splaiul Independentei no. 313
Sector 6
Bucharest
Romania

Felix Furtuna

Bucharest Academy of Economic Studies ( email )

6, Romana Square, District 1
Bucharest, 010374
Romania

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