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Factor analysis


What are the steps involved in factor analysis? Please anyone here could brief me with that?

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By Rashi Garg Answered 6 years ago

The basic steps required to conduct a factor analysis are: 1. Calculate a correlation matrix of all variables to be used in the analysis: it is the first step of factor analysis. It will help you to understand how the factor analysis will work. 2. Extract factors: The main focus of this step is to extract the factors. 3. Rotate factors to create a more understandable factor structure. 4. Interpret results.


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