Table of Contents

## How do we determine the determinants?

Here are the steps to go through to find the determinant.

- Pick any row or column in the matrix. It does not matter which row or which column you use, the answer will be the same for any row.
- Multiply every element in that row or column by its cofactor and add. The result is the determinant.

**What is the determinate formula?**

The determinant is: |A| = ad − bc or the determinant of A equals a × d minus b × c.

### What is factor score in factor analysis?

Factor score: The factor score is also called the component score. This score is of all row and columns, which can be used as an index of all variables and can be used for further analysis. We can standardize this score by multiplying a common term.

**How do you find the number of factors in factor analysis?**

As mentioned previously, one of the main objectives of factor analysis is to reduce the number of parameters. The number of parameters in the original model is equal to the number of unique elements in the covariance matrix. Given symmetry, there are C(k, 2) = k(k+1)/2 such elements.

#### What is the determinant of a diagonal matrix?

The determinant of a diagonal matrix is the product of elements of its diagonal. So the determinant is 0 only when one of the principal diagonal’s elements is 0. We say that a matrix is singular when its determinant is zero, Thus, A diagonal matrix is singular if one of its principal diagonal’s elements is a zero.

**What is determinant and its properties?**

In mathematics, the determinant is a scalar value that is a function of the entries of a square matrix. It allows characterizing some properties of the matrix and the linear map represented by the matrix. Determinants are used for defining the characteristic polynomial of a matrix, whose roots are the eigenvalues.

## What is determinant in economics?

The determinants of demand are factors that cause fluctuations in the economic demand for a product or a service. A shift can be an increase in demand, moves towards the right or upwards, while a decrease in demand is a shift downwards or to the left.

**How do you find the factor score?**

Factor/component scores are given by ˆF=XB, where X are the analyzed variables (centered if the PCA/factor analysis was based on covariances or z-standardized if it was based on correlations). B is the factor/component score coefficient (or weight) matrix.

### What is a factor score?

A factor score is a numerical value that indicates a person’s relative spacing or standing on a latent factor. In order to develop this definition further, however, we must draw a distinction that grew out of the indeterminacy debate between “factor scores” and “factor score estimates”.

**What is factor analysis with example?**

Here is an example of the output of a simple factor analysis looking at indicators of wealth, with just six variables and two resulting factors….What are factor loadings?

Variables | Factor 1 | Factor 2 |
---|---|---|

Income | 0.65 | 0.11 |

Education | 0.59 | 0.25 |

Occupation | 0.48 | 0.19 |

House value | 0.38 | 0.60 |

#### What are the steps involved in factor analysis?

1) an overview of factor analysis 2) types of factor analysis 3) the suitability of data for factor analysis 4) how factors can be extracted from data 5) what determines factor extraction 6) types of rotational methods, and 7) interpretation and construct labelling.