What Does EFA Stand For?
EFA stands for Evolving Factor Analysis
Evolving Factor Analysis (EFA) is a statistical technique designed to identify and analyze underlying relationships between variables in dynamic datasets. It adapts to changes over time, allowing for continual refinement of factor structures as new data is incorporated. EFA is widely used in fields such as psychology, market research, and social sciences to uncover latent constructs and improve decision-making processes based on evolving trends and patterns.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym