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Solve complex data problems easily with Multivariate Analysis at: https://vijaysabale.co/multivariate Factor Analysis, Factor Analysis in Minitab, Multivariate Analysis, Multivariate Tools Hello Friends, In the last video, we saw the 1st multivariate analysis tool in Minitab software, i.e. Principal Components Analysis, with the help of a practical example. In this video, we will learn the 2nd tool of multivariate analysis in Minitab software, i.e. Factor Analysis, with the help of a practical example for easy understanding and better clarity. This video consists of the following topics: • What is Factor Analysis (FA)? • Data considerations for Factor Analysis (FA) • Example of Factor Components Analysis • Conduct Factor Analysis (FA) in Minitab with a practical example, including: 1. Number of factors to extract 2. Method of Extraction: Principal components and Maximum likelihood 3. Type of Rotation: None Varimax Quartimax Equimax Orthomax with γ: 4. Graphs: Scree Plot, Score plot for the first 2 factors, Loading plot for first 2 factors, and Biplot for the first 2 factors • Detailed interpretation of results from Principal Component Analysis (PCA), including: Unrotated factor loadings Rotated Factor Loadings and Communalities Large loading and Small loading of factors on variables Categorization of data % of variation explained by each factor % of variation explained by all factors together Detailed interpretation of Loading plot for the first 2 components, and • The conclusion from the analysis. I am sure you will be liked it. The Important links about LEARN & APPLY: 👨🏫 About Me: https://vijaysabale.com 💻 Register to attend the FREE LIVE Webinar: https://vijaysabale.co/webinar 🏫 Know about LEARN & APPLY: https://learnandapply.org 📚 My Learning Management System (LMS): https://www.successfulcareerhub.com/p... 0:00 Introduction of Factor Analysis 1:57 Data Considerations for Factor Analysis 2:55 Example for Factor Analysis in Minitab 3:44 Conduct a Factor Analysis in Minitab 4:53 Selection of all options while performing Factor Analysis in Minitab 8:19 Interpretation of Factor Analysis in Minitab And finally, thank you for watching… #factoranalysis #FactorAnalysisMinitab #Multivariate #MultivariateAnalysis #MultivariateTools #leansixsigma #learnandapply #successfulcareerhub #sixsigma