Which multivariate analysis statistically identifies a reduced number of factors from a larger number of measured variables?
A)factor analysis
B)regression
C)discriminant analysis
D)logit analysis

Question

Quizplus · Accepted Answer

Factor analysis is a statistical method used in multivariate analysis to identify underlying patterns and relationships among a large number of measured variables. It helps to reduce the number of variables and identify a smaller number of factors that explain the common variance in the original set of variables. This technique is widely used in social sciences, psychology, and market research to identify latent variables or constructs, such as intelligence, personality traits, consumer preferences, or market segments. Regression, discriminant analysis, and logit analysis are useful for predicting the dependent variable by analyzing the relationship between one or more independent variables. However, they do not necessarily reduce the number of variables or identify underlying factors.

Which Multivariate Analysis Statistically Identifies a Reduced Number of Factors