Factor analysis is one of the most widely used multivariate tools. Which of the following is NOT a use of Factor analysis

Question

Answer

It can determine underlying dimensions of multiple variables

Answer

To reduce a large number of different variables into a smaller number of dimensions

Answer

Factor analysis searches for joint variations in response to unobserved latent variables.

Answer

To describe the variability amongst correlated variables to potentially lower the number of variables.

Answer

It determines the significance of multiple variables at the same time.

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