Introduction to Factor Analysis
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This document introduces factor analysis, which is a statistical approach used to analyze relationships among large numbers of variables and explain them in terms of underlying common dimensions or factors. It provides examples of variables that could load onto factors related to online shopping experiences, hospital selection factors, and survey responses. The document is authored by Ahmad Ahmad and dated February 12, 2020.
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Introduction to Factor Analysis
- 1. Introduction to Factor Analysis Ahmad Ahmad February 12, 2020
- 2. Factor Analysis “A statistical approach that can be used to analyze interrelationship among a large number of variables and explain these variables in terms of their common underlying dimension.”
- 3. Factor Analysis “A statistical approach that can be used to analyze interrelationship among a large number of variables and explain these variables in terms of their common underlying dimension.”
- 4. F1 F3 F2 The product benefits don't outweigh costs Too many clicks until purchase Insufficient information Did not have size Checkout process is too long Color of choice is out of stock Found product else where for less Price is prohibitive
- 5. F3 F2 The product benefits don't outweigh costs Too many clicks until purchase Insufficient information Did not have size Checkout process is too long Color of choice is out of stock Found product else where for less Price is prohibitive Inventory management
- 6. The product benefits don't outweigh costs Too many clicks Insufficient information Did not have size Checkout process is too long Color of choice is out of stock Found product else where for less Price is prohibitive Inventory management Price/Value Site structure
- 7. F1 F3 F2 Nursing staff was extremely kind and attentive Physician team was very informative Accepted insurance Best hospital in my area Perception of lower cost Unaware of other options Surgeon had many years of experience Easy online scheduling
- 8. F3 F2 Nursing staff was extremely kind and attentive Physician team was very informative Accepted insurance Best hospital in my area Perception of lower cost Unaware of other options Surgeon had many years of experience Easy online scheduling Brand recognition
- 9. Nursing staff was extremely kind and attentive Physician team was very informative Accepted insurance Best hospital in my area Perception of lower cost Unaware of other options Surgeon had many years of experience Easy online scheduling Brand recognition Patient experience Affordability