Two of the most widely used methods to decide the number of factors to retain are the _____.
A) hierarchical and nonhierarchical criteria
B) dependence and interdependent criteria
C) oblique and orthogonal criteria
D) latent root and percentage of variance criteria
E) loading and varimax criteria

Question

Quizplus · Accepted Answer

The two most widely used methods to decide the number of factors to retain are the latent root criterion and the percentage of variance criterion. Latent root criterion involves retaining all factors with eigenvalues greater than 1, while percentage of variance criterion involves retaining factors that explain a certain amount of total variance, such as those that explain 70% of the total variance.

Two of the Most Widely Used Methods to Decide the Number