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Choosing the Optimal Number of Factors in Exploratory Factor Analysis: A Model Selection Perspective
Preacher, Kristopher J.; Zhang, Guangjian; Kim, Cheongtag; Mels, Gerhard – Multivariate Behavioral Research, 2013
A central problem in the application of exploratory factor analysis is deciding how many factors to retain ("m"). Although this is inherently a model selection problem, a model selection perspective is rarely adopted for this task. We suggest that Cudeck and Henly's (1991) framework can be applied to guide the selection process.…
Descriptors: Factor Analysis, Models, Selection, Goodness of Fit