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Sustainability
Volume 17
Issue 13
10.3390/su17135726
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This is an early access version, the complete PDF, HTML, and XML versions will be available soon.
Article

Determinants of Entrepreneurship in Ambato, Ecuador: Statistical Predictive and Component Modeling

by
Oscar López-Solís
1,
Alberto Luzuriaga-Jaramillo
1,
Mayra Bedoya-Jara
1,
Joselito Naranjo-Santamaría
1,
Omar Negrete-Costales
2,
Lorena López-Naranjo
2,
Ernesto Jara-Vásquez
3 and
Patricia Acosta-Vargas
4,5,*
1
Facultad de Contabilidad y Auditoría, Universidad Técnica de Ambato, Ambato 180104, Ecuador
2
Facultad de Ciencias Políticas y Administrativas, Universidad Nacional de Chimborazo, Riobamba 060108, Ecuador
3
Facultad de Ciencias Administrativas, Universidad Técnica de Ambato, Ambato 180104, Ecuador
4
Intelligent and Interactive Systems Laboratory, Universidad de Las Américas, Quito 170125, Ecuador
5
Carrera de Ingeniería Industrial, Facultad de Ingeniería y Ciencias Aplicadas, Universidad de Las Américas, Quito 170125, Ecuador
*
Author to whom correspondence should be addressed.
Sustainability 2025, 17(13), 5726; https://doi.org/10.3390/su17135726 (registering DOI)
Submission received: 27 April 2025 / Revised: 14 June 2025 / Accepted: 17 June 2025 / Published: 21 June 2025
(This article belongs to the Special Issue Sustainable Technological Entrepreneurship, Innovation and Economic Development)
Versions Notes

Abstract

This study investigated the key determinants of entrepreneurship in Ambato, Ecuador, through the application of predictive statistical models. The primary objective was to identify critical variables that influence the success and sustainability of entrepreneurial ventures in the region. A quantitative research design was employed, utilizing multivariate statistical techniques, including decision trees, random forest, and Principal Component Analysis (PCA). Data were collected through structured surveys administered to local entrepreneurs, addressing variables including demographics, education, initial investment, and business operations. The analysis revealed that factors such as geographic location, the entrepreneur’s educational attainment, business tenure, and operational characteristics have a significant influence on entrepreneurial viability. On the basis of these findings, the study proposes a predictive model to assist both policymakers and entrepreneurs in evaluating and enhancing business development strategies. The insights gained offer practical implications: entrepreneurs can refine their strategies for greater effectiveness, while local authorities can craft supportive policies, such as training programs and improved access to financing. The study highlights the importance of entrepreneurship education and targeted support for underdeveloped areas, thereby contributing to broader economic inclusion and enhanced employment opportunities in the region.
Keywords: entrepreneurship; strategy; innovation; financing; policies entrepreneurship; strategy; innovation; financing; policies

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MDPI and ACS Style

López-Solís, O.; Luzuriaga-Jaramillo, A.; Bedoya-Jara, M.; Naranjo-Santamaría, J.; Negrete-Costales, O.; López-Naranjo, L.; Jara-Vásquez, E.; Acosta-Vargas, P. Determinants of Entrepreneurship in Ambato, Ecuador: Statistical Predictive and Component Modeling. Sustainability 2025, 17, 5726. https://doi.org/10.3390/su17135726

AMA Style

López-Solís O, Luzuriaga-Jaramillo A, Bedoya-Jara M, Naranjo-Santamaría J, Negrete-Costales O, López-Naranjo L, Jara-Vásquez E, Acosta-Vargas P. Determinants of Entrepreneurship in Ambato, Ecuador: Statistical Predictive and Component Modeling. Sustainability. 2025; 17(13):5726. https://doi.org/10.3390/su17135726

Chicago/Turabian Style

López-Solís, Oscar, Alberto Luzuriaga-Jaramillo, Mayra Bedoya-Jara, Joselito Naranjo-Santamaría, Omar Negrete-Costales, Lorena López-Naranjo, Ernesto Jara-Vásquez, and Patricia Acosta-Vargas. 2025. "Determinants of Entrepreneurship in Ambato, Ecuador: Statistical Predictive and Component Modeling" Sustainability 17, no. 13: 5726. https://doi.org/10.3390/su17135726

APA Style

López-Solís, O., Luzuriaga-Jaramillo, A., Bedoya-Jara, M., Naranjo-Santamaría, J., Negrete-Costales, O., López-Naranjo, L., Jara-Vásquez, E., & Acosta-Vargas, P. (2025). Determinants of Entrepreneurship in Ambato, Ecuador: Statistical Predictive and Component Modeling. Sustainability, 17(13), 5726. https://doi.org/10.3390/su17135726

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