In Factor Analysis,"communality" Is a Measure of the Percentage of a Variable's

question 11

True/False

In factor analysis,"communality" is a measure of the percentage of a variable's variation that can be explained by the factors.

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Definitions:

Excess Supply

A situation where the quantity of a good or service offered for sale by producers exceeds the quantity demanded by consumers at the current price.

Quantity Supplied

The amount of a product that producers are willing and able to sell at a given price over a specified period of time.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price at a specific time.

Excess Demand

A situation where the quantity demanded of a product or service exceeds the quantity supplied at a given price.