What Does AFA Stand For?
AFA stands for Abstract Factor Anal Statistics
AFA, or Abstract Factor Anal Statistics, is a specialized analytical framework used for the extraction and interpretation of underlying factors from complex datasets. By employing advanced statistical techniques, AFA facilitates the identification of latent variables that explain observed correlations, enabling researchers and analysts to capture essential patterns and insights within multi-dimensional data. This approach is particularly valuable in fields such as psychology, marketing, and social sciences, where understanding the structures of relationships among variables is crucial for informed decision-making and hypothesis testing.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym