Factor analysis
1. What are the steps of factor analysis?
- Gather your data: Choose relevant variables that reflect the area you’re studying.
- Clean up your data: Make sure your data is high quality and ready for analysis.
- Find hidden patterns: Extract underlying factors that explain the relationships between your variables.
- Make it easier to understand: Simplify the factors to make interpreting them clearer.
- Explain what it means with graph: Figure out what the factors represent and how they relate to your research question.
- Double-check your work: Ensure your findings are reliable and can be replicated by others.
2. What is meant by factor analysis?
Instead of analyzing a bunch of separate data points, factor analysis helps you identify a smaller number of underlying trends that explain most of the variation in your data.
3. What is an example of a factor analysis?
Imagine the student survey data as a bunch of points in a high-dimensional space, with each dimension representing a variable (sleep quality, workload, etc.). Analyzing all these dimensions individually can be cumbersome.
4. What are the 3 purposes of factor analysis?
- Simplify Your Data: Imagine a giant ball of yarn – that’s your complex data. Factor analysis untangles it, revealing a smaller number of core threads (factors) that make up the whole thing.
- Find Hidden Connections: Beyond just fewer threads, factor analysis reveals how these core threads are secretly connected. It spots hidden patterns that explain why some variables move together.
- Understand the Bigger Picture: By seeing these hidden connections, you can understand the underlying forces at play in your data. It helps you move from “what” (variables) to “why” (factors) that truly influence your results.
Factor Analysis | Data Analysis
Factor analysis is a statistical method used to analyze the relationships among a set of observed variables by explaining the correlations or covariances between them in terms of a smaller number of unobserved variables called factors.
Table of Content
- What is Factor Analysis?
- What does Factor mean in Factor Analysis?
- How to do Factor Analysis (Factor Analysis Steps)?
- Factor Analysis Example (Factor Analyzer):
- Why do we need factor analysis?
- Most Commonly used Terms in Factor Analysis
- Types of Factor Analysis
- Types of Factor Extraction Methods
- Assumptions of Factor Analysis
- FAQs : Factor analysis