Assessment of the Tertiary Industrial Development Level in Lucheng District of Wenzhou

Factor analysis is a statistical method used to uncover relationships among many variables. Factor analysis could be used to separate the information gained about the interdependencies variables, helping reduce a large number of variables to a smaller number of factors for modeling purposes. It is becoming more and more popular in socio-economics statistics. This paper, based on mathematical statistics and data analysis, evaluates the tertiary industrial development level in Lucheng District of Wenzhou, benefit for deep understanding Lucheng District's tertiary industrial status, and provide the decision-making for the further investment.