FACTOR ANALYSIS OF THE PRODUCTION CONDITIONS AND RESULTS ON MIXED FAMILY FARMS

Abstract

The research focused on the conditions and results of production on mixed family farms is expected to include numerous indices. A complex correlation structure of a number of variables unables the determination of priority indices effecting the business of the farms analyzed. Using the method of factorial analysis the space of initial variables may be copied onto the space of latent factors of smaller dimensions which enable the segregation of some major initial indices and the interpretation of their significance. Factorization of the production conditions was ended with the help of the ninth factor including thereby 80.1% of the total variation of the indices analyzed. The production results using ten factors explained 83.89% of the total variation.

Keywords

• mixed family farms
• production conditions and results
• factorial analysis