Question: Pick any relevant dataset that you would like to analyze and process a factor analysis. Note that for successful factor analysis you need to have
Pick any relevant dataset that you would like to analyze and process a factor analysis.
Note that for successful factor analysis you need to have at least 15 variables, that can potentially have common themes (factors).
- Use either R, Python, JAVA/C++ or other tool to compute exploratory factor analysis.
- Describe each step and a result of this process, include relevant scripts and outputs produced by the tool you use. On top of that your report has to include:
- Description of the dataset and the expectation of the factors.
- Description of the factors, variable loads.
- Explanation of the meaning of the factors.
- Give an example how the model can be used to predict the factor scores.
- Discuss the models quality.
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