Directions:

Describe one potential example of how a business (or other relevant entity) may use factor analysis.

In the response, Include the following:

The link to a sample dataset you've found. (Avoid using examples in the education literature or online posts.)

Suggested factors that can be related to the variables in the dataset (at least three factors with a minimum of three variables per factor).

The variables must be present in the sample dataset.

An explanation of the suggested nature of the relations between the factors and the variable. Explain what mathematical formula will explain those relations (linear or non-linear). Discuss how factor analysis can model that relation.

The practical implication of the potential of having factors scores computed for factors you have guessed.