Journal of Finance and Accounting

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Current Situation and Existing Problems of Factor Analysis Method

Received: 12 October 2019    Accepted: 07 November 2019    Published: 21 November 2019
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Abstract

Factor analysis is an important analytical method in psychology, medicine, economics, statistics, management and accounting. It is also widely used in various fields of social practice. This paper analyzes the history and development of factor analysis. It can be found from many teaching materials and social cases that factor analysis has many problems in the spread of knowledge in teaching materials and the practical application of society due to the defects in the theories and methods of factor analysis and difference analysis. The author believes that the fundamental reason lies in the fact that there is no scientific explanation for the difference formed by the interaction of various factors in the factor product equation of factor analysis. It is not only unscientific, correct and unfair to calculate the influence difference of factors, which can be used to evaluate the responsibility of the subject of economic activities and correct the deviation of experimental activities. The purpose of this paper is to discover and put forward problems on the premise of combing the application status of factor analysis and difference analysis, so as to lay a solid foundation for the subsequent discussion of "new methods of factor analysis and difference analysis". It is a prelude to the derivation of correct factor analysis and difference analysis methods.

DOI 10.11648/j.jfa.20190706.12
Published in Journal of Finance and Accounting (Volume 7, Issue 6, November 2019)
Page(s) 192-199
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Factor Analysis, Interaction, Factor Differences

References
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[16] Charles t. hoorngren Srikant m. datar Madhav v. riajan, cost and management accounting (15th edition) translated by wang liyan and liu yingwen [M]. Renmin university of China press, June 2016 first edition, November 2017, 3rd printing.
[17] Roman l. wai, Katherine Schipper, Jennifer Francis. Financial Accounting -- concept, method and application (the 14th edition of the original book of Financial Accounting) translated by zhu Dan and qu tenglong [M]. China machine press, September 2015, the first edition p 175-176.
[18] financial analysis, edited by zhang xianzhi and Chen youyou (national planning textbooks, national excellent courses and national excellent resource sharing courses for undergraduate courses of general higher education during the 12th five-year plan). Northeast university of finance and economics press, May 2018, the 37th printing [M].
[19] The Chinese association of certified public accountants organized and compiled the guidance textbook for the national unified examination of certified public accountants, financial cost management [M] China financial publishing and media group, China financial and economic publishing house, 1st edition p 29-30, March 2018.
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Author Information
  • Hua Shang Accounting College, Guang Dong University of Finance and Economics, Guang Zhou, China

  • Hua Shang Accounting College, Guang Dong University of Finance and Economics, Guang Zhou, China

  • Hua Shang Accounting College, Guang Dong University of Finance and Economics, Guang Zhou, China

  • Hua Shang Accounting College, Guang Dong University of Finance and Economics, Guang Zhou, China

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    Liu Yun, Qiaowen Yang, Yonghong Yao, Guifen Ma. (2019). Current Situation and Existing Problems of Factor Analysis Method. Journal of Finance and Accounting, 7(6), 192-199. https://doi.org/10.11648/j.jfa.20190706.12

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    ACS Style

    Liu Yun; Qiaowen Yang; Yonghong Yao; Guifen Ma. Current Situation and Existing Problems of Factor Analysis Method. J. Finance Account. 2019, 7(6), 192-199. doi: 10.11648/j.jfa.20190706.12

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    AMA Style

    Liu Yun, Qiaowen Yang, Yonghong Yao, Guifen Ma. Current Situation and Existing Problems of Factor Analysis Method. J Finance Account. 2019;7(6):192-199. doi: 10.11648/j.jfa.20190706.12

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  • @article{10.11648/j.jfa.20190706.12,
      author = {Liu Yun and Qiaowen Yang and Yonghong Yao and Guifen Ma},
      title = {Current Situation and Existing Problems of Factor Analysis Method},
      journal = {Journal of Finance and Accounting},
      volume = {7},
      number = {6},
      pages = {192-199},
      doi = {10.11648/j.jfa.20190706.12},
      url = {https://doi.org/10.11648/j.jfa.20190706.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jfa.20190706.12},
      abstract = {Factor analysis is an important analytical method in psychology, medicine, economics, statistics, management and accounting. It is also widely used in various fields of social practice. This paper analyzes the history and development of factor analysis. It can be found from many teaching materials and social cases that factor analysis has many problems in the spread of knowledge in teaching materials and the practical application of society due to the defects in the theories and methods of factor analysis and difference analysis. The author believes that the fundamental reason lies in the fact that there is no scientific explanation for the difference formed by the interaction of various factors in the factor product equation of factor analysis. It is not only unscientific, correct and unfair to calculate the influence difference of factors, which can be used to evaluate the responsibility of the subject of economic activities and correct the deviation of experimental activities. The purpose of this paper is to discover and put forward problems on the premise of combing the application status of factor analysis and difference analysis, so as to lay a solid foundation for the subsequent discussion of "new methods of factor analysis and difference analysis". It is a prelude to the derivation of correct factor analysis and difference analysis methods.},
     year = {2019}
    }
    

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    T1  - Current Situation and Existing Problems of Factor Analysis Method
    AU  - Liu Yun
    AU  - Qiaowen Yang
    AU  - Yonghong Yao
    AU  - Guifen Ma
    Y1  - 2019/11/21
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    N1  - https://doi.org/10.11648/j.jfa.20190706.12
    DO  - 10.11648/j.jfa.20190706.12
    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
    SP  - 192
    EP  - 199
    PB  - Science Publishing Group
    SN  - 2330-7323
    UR  - https://doi.org/10.11648/j.jfa.20190706.12
    AB  - Factor analysis is an important analytical method in psychology, medicine, economics, statistics, management and accounting. It is also widely used in various fields of social practice. This paper analyzes the history and development of factor analysis. It can be found from many teaching materials and social cases that factor analysis has many problems in the spread of knowledge in teaching materials and the practical application of society due to the defects in the theories and methods of factor analysis and difference analysis. The author believes that the fundamental reason lies in the fact that there is no scientific explanation for the difference formed by the interaction of various factors in the factor product equation of factor analysis. It is not only unscientific, correct and unfair to calculate the influence difference of factors, which can be used to evaluate the responsibility of the subject of economic activities and correct the deviation of experimental activities. The purpose of this paper is to discover and put forward problems on the premise of combing the application status of factor analysis and difference analysis, so as to lay a solid foundation for the subsequent discussion of "new methods of factor analysis and difference analysis". It is a prelude to the derivation of correct factor analysis and difference analysis methods.
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