The goal of factor analysis is to reduce a large number of variables to as few dimensions or constructs as possible. This is known as:
A) prudence.
B) munificence.
C) parsimony.
D) summation.

Question

Quizplus · Accepted Answer

The process of reducing variables to a few dimensions or constructs is known as parsimony, which means using as few assumptions, variables, or factors as possible.

The Goal of Factor Analysis Is to Reduce a Large