FACTOR ANALYTIC Meaning and
Definition
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Factor analytic refers to a statistical technique used in multivariate analysis to study the relationship between a set of observed variables and a smaller number of underlying latent variables, known as factors. The purpose of factor analysis is to identify and understand the underlying structure or patterns in a dataset, by extracting the common variance among the observed variables and grouping them into meaningful factors.
The factor analytic method involves extracting the factors from the observed variables by calculating correlations or covariances between them. It aims to determine the unique contribution of each observed variable to the factors, with the goal of explaining as much of the total variance as possible. The analysis allows for a reduction in the number of variables to a smaller set of unobservable factors, which simplifies the interpretation and understanding of the dataset.
The technique is commonly used in various fields, including psychology, sociology, and market research, to examine patterns or dimensions underlying a set of observed variables. It can help identify underlying constructs or traits, validate scales or questionnaires, and provide insights into the relationships between variables.
Factor analytic techniques include exploratory factor analysis (EFA) and confirmatory factor analysis (CFA). EFA is used when the underlying structure is unknown, while CFA is employed when specific hypotheses about the underlying factors are proposed. Both methods utilize matrix algebra and statistical principles to extract, interpret, and validate the factors obtained.
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Etymology of FACTOR ANALYTIC
The terms "factor" and "analytic" in the context of factor analysis have different etymologies.
The word "factor" has its origins in Latin. It comes from the Latin word "facere" which means "to do" or "to make". In English, "factor" is used to refer to something that contributes to a result or outcome.
The word "analytic" is derived from the Greek term "analytikos". It is formed by combining the Greek words "ana" which means "up" or "through" and "lysis" which means "loosening" or "dissolving". The term "analytikos" refers to the process of breaking something down into its elements or components for examination.
Similar spelling words for FACTOR ANALYTIC
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