What Does PCFA Stand For?

PCFA stands for Principal Component Factor Analysis

Principal Component Factor Analysis (PCFA) is a statistical technique used to reduce the dimensionality of a dataset while preserving its variance. By transforming correlated variables into a smaller set of uncorrelated components, PCFA helps in identifying underlying structures and patterns in the data. This method is widely applied in fields such as psychology, finance, and social sciences for data simplification, feature extraction, and exploratory data analysis.