GATE (Graduate Aptitude Test in Engineering) Psychology Research Methods and Statistics-Factor Analysis Study Material (Page 2 of 5)
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Factor Analysis: Advantages and Disadvantages of Factor Analysis
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Advantages of Factor Analysis
- Reduces number of variables by combining variables into a single factor.
- Identifies inter-related variable groups and analyzes their relationship.
Disadvantages of Factor Analysis
- It is impossible to explain the factors coming out of factor analysis.
- Less valid on unreliable measures like self-reports.
- It i…
… (31 more words) …
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Factor Analysis: Uses of Factor Analysis
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Uses of Factor Analysis
- To determine the unknown variables (latent) and explore underlying structure in the data
- For parsimony or data reduction
- For classification or description
- For scaling
- For hypothesis testing
- For data transformation
- For exploration and mapping