Reference no: EM133393902

Assignment:

Directions:

Describe one potential example of how a business (or other relevant entity) may use factor analysis.

In the response, Include the following:

• The link to a sample dataset you've found. Avoid using any examples listed in the education literature or online posts.
• Suggested factors that can be related to the variables in the dataset (at least three factors with a minimum of three variables per factor). The variables must be present in the sample dataset.
• An explanation of the suggested nature of the relations between the factors and the variable. Explain what mathematical formula will explain those relations (linear or non-linear). Discuss how factor analysis can model that relation.
• The practical implication of the potential of having factors scores computed for factors you have guessed.