Arbeitspapier
Understanding Principal Component Analysis (PCA) in the Azerbaijan Economy: Case Studies of Vegetable and Fruit Sectors
Is it possible to apply Principal Component Analysis (PCA) in the Azerbaijan economy? Before blindly answering the question, careful examination of the collected data and the relevance of the data set to the mentioned analysis should be checked. PCA is a widely used multivariate dimension reduction tool that statistical analysis employs. Nevertheless, its application area is limited. Also, PCA analysis in macroeconomic studies is not much preferred and in Azerbaijan's case, there is not one. To understand this methods' relevance two case studies, namely vegetable and fruit sectors have been chosen. The aim was to quantify the sub-sectoral performance via vegetable and fruit sectors. The collected data set and PCA analysis on it were evaluated from multiple angles to outline the roadmap for future investigations. The author argues that in line with the method's theoretical expectations, Azerbaijan's vegetable and fruit sectors partially fulfill the planned goals of the analysis. This means PCA is a highly useful analytical tool and might produce valuable sub-sectoral performance evaluations in the case of Azerbaijan. According to the produced indices, the vegetable sector performed better than the fruit sector from 1999 until 2015. However, between 2015-2020 fruit sector outperformed the vegetable sector. A similar analysis can be organized among the other sub-sectors or between sectors in the case of the Azerbaijan economy. Furthermore, this working paper embodies experimentation results, not conclusions about the methods' validity and justification. Hence, this work compares three rotations of PCA analysis (Varimax, Quartimax, and Equamax) and constructed indices separately for vegetable and fruit sectors.
- Sprache
-
Englisch
- Klassifikation
-
Wirtschaft
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
Multiple or Simultaneous Equation Models: Classification Methods; Cluster Analysis; Principal Components; Factor Models
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Agriculture: Aggregate Supply and Demand Analysis; Prices
Agricultural Policy; Food Policy
- Thema
-
Azerbaijan economy
Principal Component Analysis (PCA)
agriculture
agrarian sectors
vegetable sector
fruit sector
economic diversifcation
sub-sectoral performance
ecoomic performance evaluation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Niftiyev, Ibrahim
- Ereignis
-
Veröffentlichung
- (wer)
-
SSRN
- (wo)
-
Rochester, NY
- (wann)
-
2021
- DOI
-
doi:10.2139/ssrn.3782426
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Niftiyev, Ibrahim
- SSRN
Entstanden
- 2021
Ähnliche Objekte (12)
On a farm : animals, fruit & vegetable
On a farm - animals, fruit, vegetable : Grundschule
Fermentative utilization of fruit and vegetable pomace
Increasing fruit and vegetable consumption in Ireland
Gemüse und Früchte schnitzen : = Vegetable and fruit carving
Determinants of fruit and vegetable intake among 11-year-old schoolchildren in a country of traditionally low fruit and vegetable consumption
Food-scanner applications in the fruit and vegetable sector
Fruit and Vegetable Consumption and Frailty: A Systematic Review
Tutorial on PCA and approximate PCA and approximate kernel PCA
Fruit and vegetables : three language dictionary of fruit and vegetable processing = Obst und Gemüse
5-a-day fruit and vegetable food product labels: reduced fruit and vegetable consumption following an exaggerated compared to a modest label
Fruit and vegetable consumption: Study involving Portuguese and French consumers
On a farm : animals, fruit & vegetable
On a farm - animals, fruit, vegetable : Grundschule
Fermentative utilization of fruit and vegetable pomace
Increasing fruit and vegetable consumption in Ireland
Gemüse und Früchte schnitzen : = Vegetable and fruit carving
Determinants of fruit and vegetable intake among 11-year-old schoolchildren in a country of traditionally low fruit and vegetable consumption
Food-scanner applications in the fruit and vegetable sector
Fruit and Vegetable Consumption and Frailty: A Systematic Review
Tutorial on PCA and approximate PCA and approximate kernel PCA
Fruit and vegetables : three language dictionary of fruit and vegetable processing = Obst und Gemüse
5-a-day fruit and vegetable food product labels: reduced fruit and vegetable consumption following an exaggerated compared to a modest label
Fruit and vegetable consumption: Study involving Portuguese and French consumers
On a farm : animals, fruit & vegetable
On a farm - animals, fruit, vegetable : Grundschule
Fermentative utilization of fruit and vegetable pomace
Increasing fruit and vegetable consumption in Ireland
Gemüse und Früchte schnitzen : = Vegetable and fruit carving
Determinants of fruit and vegetable intake among 11-year-old schoolchildren in a country of traditionally low fruit and vegetable consumption
Food-scanner applications in the fruit and vegetable sector
Fruit and Vegetable Consumption and Frailty: A Systematic Review
Tutorial on PCA and approximate PCA and approximate kernel PCA
Fruit and vegetables : three language dictionary of fruit and vegetable processing = Obst und Gemüse
5-a-day fruit and vegetable food product labels: reduced fruit and vegetable consumption following an exaggerated compared to a modest label