Using Factor Analysis to Evaluate the Development of Renewable Energy Sources

In the publication, using factor analysis and method of major components, the main factors influencing the development of renewable energy sources are identified and substantiated on the example of Europe. The study applies the Bartlett’s criterion of sphericity and the calculation of the adequacy g...

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Bibliographic Details
Main Author: Khazan Pavlo V.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-09-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2018-9_0-pages-98_104.pdf
Description
Summary:In the publication, using factor analysis and method of major components, the main factors influencing the development of renewable energy sources are identified and substantiated on the example of Europe. The study applies the Bartlett’s criterion of sphericity and the calculation of the adequacy grade of the sample of Kaiser-Mayer-Olkina. The calculation is made by means of the IBM SPSS Statistics software. The most important factors of the development of renewable energy sources have been determined using the data array for the last 10 years. The number of main components has been defined, also the correlation matrix, the matrix of components, the covariance matrix and the component diagram have been built. A system of linear equations of dependent factors and the main components, which is based on the calculated data, is presented. The carried out research has showed that the greatest dispersion is made by components such as total energy production from renewable energy sources, total power of renewable energy sources and final energy consumption, which in the total make up 90.6%. An analysis of factors in accordance with the obtained calculations is carried out.
ISSN:2222-4459
2311-116X