The purpose of factor analysis is data simplification.

Name: The purpose of factor analysis is data simplification.
Brand: Quizplus
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Quizplus · Accepted Answer

Factor analysis is a statistical method that is used to identify and simplify complex relationships between variables. Its purpose is to reduce the number of variables in a dataset and to identify underlying dimensions that explain the patterns of variation in the data. Thus, the ultimate goal of factor analysis is to simplify data and make it more meaningful and interpretable.

The Purpose of Factor Analysis Is Data Simplification