What are the two basic factor models?
A) principle component analysis and common factor analysis
B) hierarchical and nonhierarchical
C) agglomerative and divisive
D) demographic and centroid
E) simple and complex

Question

Quizplus · Accepted Answer

The two basic factor models are principle component analysis (PCA) and common factor analysis. PCA identifies the underlying factors that explain the most variance in a dataset, while common factor analysis identifies underlying factors that are independent from each other and explain the variance in the dataset.

What Are the Two Basic Factor Models