What is Exploratory Factor Analysis?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Exploratory factor analysis is a statistical technique that identifies behavioral relationships and dependencies among variables in a data set. It is often used to understand the structure of complex data. It allows the user to group variables that produce similar results to make them easier to analyze. It can also be used to understand the concept of reduction of variables, reducing the number of variables that must be considered in the analysis.