What Is Exploratory Factor Analysis In Research?

by | Last updated on January 24, 2024

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Exploratory factor analysis (EFA) is

one of a family of multivariate statistical methods that attempts to identify the smallest number of hypothetical constructs

(also known as factors, dimensions, latent variables, synthetic variables, or internal attributes) that can parsimoniously explain the covariation observed …

What is meant by exploratory factor analysis?

Exploratory factor analysis (EFA) is a classical formal measurement model that is used when both observed and latent

variables are assumed to be measured at

the interval level. Characteristic of EFA is that the observed variables are first standardized (mean of zero and standard deviation of 1).

What is exploratory factor analysis used for?

Exploratory factor analysis (EFA) is generally used to

discover the factor structure of a measure and to examine its internal reliability

. EFA is often recommended when researchers have no hypotheses about the nature of the underlying factor structure of their measure.

What is exploratory factor analysis with example?


Exploratory Factor Analysis

(

EFA

) seeks to uncover the underlying structure of a relatively large set of variables. The researcher has a priori assumption that any indicator may be associated with any

factor

. This is the most common form of

factor analysis

.

What do you report exploratory factor analysis?

If all you have are EFA results, not CFA, then I would suggest that you report the

percentage of the variance explained by your items for each factor

, the number of items for each factor, and the range for the factor loadings for the items in each factor. This can be handled easily in the text.

Is exploratory factor analysis qualitative or quantitative?

Exploratory Factor analysis is a research tool that can be used to make sense of multiple variables which are thought to be related. This can be particularly useful when a qualitative methodology may be the more appropriate method for collecting data or measures, but

quantitative analysis

enables better reporting.

What is the difference between exploratory and confirmatory factor analysis?

In exploratory factor analysis, all measured variables are related to every latent variable. But in confirmatory factor analysis (CFA), researchers can

specify the number of factors required in the data

and which measured variable is related to which latent variable.

How do you do exploratory factor analysis?

First go to

Analyze – Dimension Reduction – Factor

. Move all the observed variables over the Variables: box to be analyze. Under Extraction – Method, pick Principal components and make sure to Analyze the Correlation matrix. We also request the Unrotated factor solution and the Scree plot.

What is factor analysis with example?

Factor analysis is

used to identify “factors” that explain a variety of results on different tests

. For example, intelligence research found that people who get a high score on a test of verbal ability are also good on other tests that require verbal abilities.

What is the next step after factor analysis?

The next step is

to select a rotation method

. After extracting the factors, SPSS can rotate the factors to better fit the data. The most commonly used method is varimax.

How do you do exploratory factor analysis in SPSS?

First go to

Analyze – Dimension Reduction – Factor

. Move all the observed variables over the Variables: box to be analyze. Under Extraction – Method, pick Principal components and make sure to Analyze the Correlation matrix. We also request the Unrotated factor solution and the Scree plot.

What is factor analysis explain its purpose?

Factor analysis is

a way to condense the data in many variables into a just a few variables

. For this reason, it is also sometimes called “dimension reduction.” You can reduce the “dimensions” of your data into one or more “super-variables.” The most common technique is known as Principal Component Analysis (PCA).

What does KMO measure?

The Kaiser-Meyer-Olkin Measure

of Sampling Adequacy

is a statistic that indicates the proportion of variance in your variables that might be caused by underlying factors. High values (close to 1.0) generally indicate that a factor analysis may be useful with your data.

What is exploratory factor analysis in SPSS?

Factor analysis is

a statistical technique for identifying which underlying factors are measured by a (much larger) number of observed variables

. Such “underlying factors” are often variables that are difficult to measure such as IQ, depression or extraversion.

What does a factor analysis tell you?

Factor analysis is a technique that is used

to reduce a large number of variables into fewer numbers of factors

. This technique extracts maximum common variance from all variables and puts them into a common score. As an index of all variables, we can use this score for further analysis.

What are the types of factor analysis?

There are two types of factor analyses,

exploratory and confirmatory

. Exploratory factor analysis (EFA) is method to explore the underlying structure of a set of observed variables, and is a crucial step in the scale development process.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.