Title: Factor Analysis - Statswork - PowerPoint PPT Presentation

Description: The analysis of variance is not a mathematical theorem, but rather a convenient method of arranging the arithmetic.- Ronald Fisher The inexpensive Factor Analysis is a prominent statistical tool to identify a lot of underlying dormant factors. For more than a century it is used in psychology and also in a wide variety of situations. • There exists a linear relationship. • There is no multicollinearity. • Includes relevant variables into the analysis • No true correlation between variables and factors. Factor analysis capabilities: Factor analysis helps to find solutions for a social scientist with capabilities like: • To simultaneously manage over hundred variables. • Compensate for random error & invalidity. Factor analysis through inexpensive has its costs, including: • Its mathematical complications. • Entails diverse & numerous considerations in the application. • Strange terms in technical vocabulary. – PowerPoint PPT presentation