Question

Which of the following is a statical metho that explains varuability in terms of other unobserrvable variables

Answer 1

Answer:

B. Factor analysis

Explanation:                                            

Factor analysis: In statistics, the term factor analysis is defined as one of the statistical methods that are being used or utilized to explain the variability between discerned, correlated variables concerning the unobserved variables which are lower in numbers known as factors.

Types:

1. Exploratory factor analysis or EFA.

2. Confirmatory factor analysis or CFA.

Factor analysis aims at uncovering the underlying factors which is responsible for explaining the correlations between different outcomes and different variables should be somehow correlated.