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Who Was the Inventor of Statistical Technique Called Factor Analysis

question 128

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Who was the inventor of statistical technique called factor analysis, a method that compares results of different correlational measures to identify patterns, or "factors," among them?


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External Costs

Costs of an economic activity that are not borne by the participants but rather by other people or society at large.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund various public expenditures.

Marginal Social Benefit

An additional gain to society derived from consuming or producing another unit of a good or service.

Marginal Social Cost

An increased charge to the general public for the creation of one more unit of a product or service.

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