Question: Suppose five variables were factor analyzed and the percentage of variance explained was 80 percent, 12 percent, 5 percent, 2 percent, and 1 percent. How

Suppose five variables were factor analyzed and the percentage of variance explained was 80 percent, 12 percent, 5 percent, 2 percent, and 1 percent. How many factors would you include? What if the first three factors were interpretable and relevant?

Step by Step Solution

3.48 Rating (181 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The rule of thumb is to include only those factors t... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

796-B-M-M-P (3340).docx

120 KBs Word File

Students Have Also Explored These Related Marketing Questions!