Which of the following is a multivariate statistical procedure to reduce a set of variable to a smaller set that retains most of the information of the original set?

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Factor analysis is a statistical procedure used to identify and extract underlying latent factors from a set of observed variables. It reduces the dimensionality of the original set of variables and allows for the identification of patterns and relationships between them. This method helps in retaining most of the information of the original set by constructing a smaller set of variables, known as factors.

Which of the Following Is a Multivariate Statistical Procedure to Reduce