Question: In an exploratory factor analysis, the underlying variables/factors found from the process are unobservable factors that are not directly measured but are essentially hypothetical. These

In an exploratory factor analysis, the underlying variables/factors found from the process are unobservable factors that are not directly measured but are essentially hypothetical. These factors are used to represent the observed variables given a set of data. True or False

Given a set of data, a factor analysis can be implemented in many software packages such as R, Python, SAS, SPSS, JMP, Matlab, among others. True or False

A factor analysis can be applied in many business fields such as marketing, economics, management, finance, and etc. True or False

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