The evaluation of the financial core competitiveness of petrochemical enterprises based on Projection Pursuit

In order to improve the financial core competitiveness of petrochemical enterprises, the enterprise must evaluate the financial core competitiveness exactly. In order to overcome the defect of the traditional evaluation methods, Projection Pursuit has been used in this paper to evaluate the financial core competitiveness of petrochemical enterprises. The system of the evaluation index of financial core competitiveness is established, Then the evaluation model based on Projection Pursuit is built, Finally, the paper choose ten Petrochemical enterprises as samples for empirical analysis. Studies have shown that this method is objective and reliable.