Of the following, which procedure is sometimes referred to as the method which simplifies or reduces data?
A)correlation
B)factor analysis
C)path analysis
D)MANOVA

Question

Quizplus · Accepted Answer

Factor analysis is a statistical method that simplifies or reduces data by identifying underlying factors or latent variables that explain the correlations among a set of observed variables. It is used to identify the underlying structure in a large number of variables and to condense them into smaller units for analysis. Correlation measures the degree of association between two variables, while path analysis is used to test causal relationships among variables. MANOVA (multivariate analysis of variance) is a statistical technique used to analyze the differences between two or more groups in terms of several dependent variables.

Of the Following, Which Procedure Is Sometimes Referred to as the Method