Factors Can Be Estimated So That Their Factor Scores Are

question 18

True/False

Factors can be estimated so that their factor scores are not correlated and the first factor accounts for the highest variance in the data,the second factor the second highest and so on.

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Definitions:

Economics Definition

The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

Equilibrium

A market phase where demand is matched by supply, which in turn stabilizes prices.

Limited Resources

The scarcity of resources in comparison to the potentially limitless wants and needs, forcing the need for allocation decisions.

Capacity Utilization Rate

The percentage of a firm's total possible production capacity that is actually being used over a given period.