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Business
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| Number of pages / Number of words: |
6 / 1627 |
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It is worth mentioning that good factor analysis is only suitable for data sets with high levels of multicollinearity.
In addition, KMO measure of sampling adequacy and Bartlett’s Test also tests for the high levels of correlations and common variance among variables and determines the suitability of data for factor analysis...
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From the analysis, we get KMO measure of sampling adequacy of 0.852, which qualifies as meritorious. This indicates very high potential and suitability for good factor analysis indicating high level of common variance. The reason for this can be explained by our large sample size. Similarly, Bartlett’s test of sphericity is also significant with significance level less than 0...
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