Factor analysis is a statistical procedure designed to identify
A) the minimum number of variables accounting for the intercorrelations between the phenomena.
B) the maximum number of variables accounting for the intercorrelations between the phenomena.
C) the median number of variables accounting for the intercorrelations between the phenomena.
D) all potential variables accounting for the intercorrelations between the phenomena.

Question

Quizplus · Accepted Answer

Factor analysis aims to identify the minimum number of underlying factors or dimensions that account for the observed intercorrelations between the measured variables. The method seeks to explain the covariance matrix of the observed variables and extract a smaller number of latent or unobserved variables that capture the common variance among them. Therefore, option A is the correct answer.

Factor Analysis Is a Statistical Procedure Designed to Identify