The First Step in Conducting Factor Analysis Is

question 19

Multiple Choice

The first step in conducting factor analysis is .

• A) determine the method of factor analysis
• B) construct the correlation matrix
• C) formulate the problem
• D) determine the number of factors

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Definitions:

Technological Improvements

Enhancements or upgrades in technological tools, systems, and procedures that increase efficiency or effectiveness.

Malthus

Refers to Thomas Malthus, an English economist and demographer known for his theory that population growth will outpace agricultural production, leading to widespread poverty.

Diminishing Marginal Returns

An economic principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of variable input will eventually decrease.

Marginal Product

The increase in output that results from using one more unit of a particular input, keeping other inputs constant.