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Suggested Citation

Lipovetsky, S., & Manewitsch, V. (2020). Analytical Closed-Form Solution for General Factor with Many Variables. Journal of Modern Applied Statistical Methods, 18(1), 2.

Year

2019

Authors
Stan Lipovetsky,
Dr. Vladimir Manewitsch
Publication title
Analytical Closed-Form Solution for General Factor with Many Variables
Publication
Peer-reviewed

Analytical Closed-Form Solution for General Factor with Many Variables

Abstract

The factor analytic triad method of one-factor solution gives the explicit analytical form for a common latent factor built by three variables. The current work considers analytical presentation of a general latent factor constructed in a closed-form solution for multivariate case. The results can be supportive to theoretical description and practical application of latent variable modelling, especially for big data because the analytical closed-form solution is not prone to data dimensionality.

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