Urban Regeneration: Construction of Factor model

Abstract: Urban regeneration decision-making is a complex process, as it involves a wide range of decision-makers, public-private partnerships in finance and implementation, including the inevitable considerable amount of risk on a long-term basis. There are a multitude of stakeholders, the citizens being the key stakeholders. It is necessary to involve the citizens in the planning process. Such involvement allows the communities to express their needs and aspirations, which is useful in the policymaking, delivery of planning programs, and in the monitoring process. In such a context, Factor analysis was the statistical technique used (1) Carry out factor analysis based on the principal component analysis method using the software XLSTAT 2021.4.1.1205 - (2) Construct a factor model of Urban Regeneration. (3) Interpret and label the factor dimensions. The results of the analysis indicated that the first two principal components accounted for 60.04% of the total variance of the original dataset. All variables seemed to be, positively correlated to each other and contributed similarly to principal components PC1 &PC2. The observations were well clustered; except for very few outliers. The limitation of the work was that the perceptions of the citizens were limited to the variables derived by the researcher.