Significance of Factor analysis

Factor analysis is a statistical method instrumental in identifying underlying factors and assessing relationships within a dataset, particularly useful for questionnaire items. It aids in determining construct validity through exploratory and confirmatory approaches while simplifying complex data by reducing multiple variables into fewer factors. This method is commonly applied across various research fields, examining constructs and relationships among variables, ultimately supporting the refinement and development of assessment tools.

Synonyms: Exploratory factor analysis, Confirmatory factor analysis, Structural equation modeling, Principal component analysis, Data reduction

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The concept of Factor analysis in scientific sources