A method for finding the minimum number of dimensions to account for a large number of variables is called
A)correlational analysis.
B)multiple regression.
C)factor analysis.
D)analysis of variance.

Question

Quizplus · Accepted Answer

Factor analysis is a statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved variables called factors. It helps in finding the minimum number of dimensions needed to account for a large number of variables.

A Method for Finding the Minimum Number of Dimensions to Account