Factor analysis is merely a complex way of looking at correlations of variables

Name: Factor analysis is merely a complex way of looking at correlations of variables
Brand: Quizplus
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Factor analysis is a statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors. Essentially, it looks at how clusters of variables are correlated to identify underlying dimensions (factors) in the data.

Factor Analysis Is Merely a Complex Way of Looking at Correlations