What is the factor analysis methodology?

Question

What is the methodology of factor analysis?

Answer 1

A statistical method called factor analysis is used to find patterns in a vast collection of variables and explain the underlying mechanisms of those variables. It is a multivariate technique that aims to reduce the complexity of a dataset by identifying underlying factors or dimensions that explain the correlations among the variables.

If you are interested in learning more about feature extraction, check out the below video by Intellipaat.