Factor Analysis

Factor Analysis is a statistical method used to identify underlying factors or latent variables that explain the correlations among a set of observed variables. It is a technique used to reduce the complexity of a dataset by identifying the underlying structure of the data. Factor Analysis is commonly used in social sciences, psychology, marketing research, and other fields where large datasets need to be analyzed. The goal of Factor Analysis is to identify the minimum number of factors that can explain the maximum amount of variance in the data. These factors are then used to create a new set of variables that are easier to interpret and analyze. There are two types of Factor Analysis: Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA). EFA is used to identify the underlying structure of the data, while CFA is used to test a pre-specified factor structure.
Your Previous Searches
Random Picks
  • Risk Management: Risk management is the process of identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. In data science and arti ... Read More >>
  • Geolocation-based Marketing: Geolocation-based marketing is a marketing strategy that uses location data to deliver personalized and relevant content to consumers based on their physical location. This strategy involves collecting data from a user's mobile device or ot ... Read More >>
  • Backus-Naur Form: Backus-Naur Form (BNF) is a metalanguage used to describe the syntax of programming languages, command sets, and other languages used in computing. It is a formal grammar that consists of a set of production rules that describe the structur ... Read More >>
Top News

New college grad? Here's what experts say you should know about AI....

We asked three experts what fresh college graduates can do to prepare as artificial intelligence changes how Americans work. Here's what they said....

News Source: CBS News on 2025-06-06

Senate Republicans revise ban on state AI regulations in bid to preserve controv...

Senate Republicans have made changes to their party’s sweeping tax bill in hopes of preserving a new policy that would prevent states from regulating artificial intelligence...

News Source: ABC News on 2025-06-06

Use of Community Notes on Elon Musk's X has plummeted in 2025...

Half as many crowdsourced Community Notes were created in May than were created in January....

News Source: NBC News on 2025-06-06

Film Festival showcases what artificial intelligence can do on the big screen...

Artificial Intelligence’s use in filmmaking is growing...

News Source: ABC News on 2025-06-06

Can AI be held accountable? AI ethicist on tech giants and the AI boom...

What is the future of AI and efforts to regulate its harms? Marc Lamont Hill speaks to AI ethicist Rumman Chowdhury....

News Source: Al Jazeera English on 2025-06-06