Factor Analysis - an introduction

This video provides an introduction to factor analysis, and explains why this technique is often used in the social sciences. Check out ben-lambert.com/econometrics-... for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: ben-lambert.com/bayesian/ Accompanying this series, there will be a book: www.amazon.co.uk/gp/product/1...

Пікірлер: 70

  • @phonekeosiharath5452
    @phonekeosiharath54528 жыл бұрын

    It's 12:30 AM. The kids are in bed and I just did some reading, trying to wrap my head around the reasons (advantages and uses of factor analysis). This video was easier to understand than the reading and well-explained enough that I didn't fall asleep despite the hour. Kudos to you! On to part 2 as a result!

  • @danielm9463
    @danielm94633 жыл бұрын

    Thanks, Ben for this incredibly valuable series! The explanations and examples in these videos are so clear. I'm adding your book to my birthday wish list--you are an OUTSTANDING teacher!!!

  • @siddhft3001
    @siddhft30013 жыл бұрын

    This is by far the best introductory video to factor analysis. Thank you!

  • @minyihuang225
    @minyihuang2252 жыл бұрын

    I am writing my finance thesis which requires the statistical method to test certain strategies. And This video helps me a lot for continuing constructing my finance strategy and testing its performance. Great job Ben!

  • @hobihobi1563
    @hobihobi15632 жыл бұрын

    currently taking a module in uni that was teaching factor analysis and i never understood it until i chanced upon this video! such a coherent explanation illustrated with an intuitive example! thank you so much!

  • @saschasmit8176
    @saschasmit81762 жыл бұрын

    My teacher tried to explain the same thing in a 1.5 hour long class, you did better in just 8 minutes. Thanks!

  • @gamvivo565
    @gamvivo5658 жыл бұрын

    Thank you Ben. I am so grateful to you because of the excellent material that you have explained so well ..

  • @iluvyunie
    @iluvyunie6 жыл бұрын

    some of these videos are more helpful than my unit provided lectures.. appreciated

  • @Thad1us23
    @Thad1us235 жыл бұрын

    cheers mate, fantastic video. It cleared up some misconceptions I had from the book. Very much appreciated!

  • @oluwasekeniblessed9991
    @oluwasekeniblessed99919 жыл бұрын

    Just saved me from going crazy, makes sense now! Thanks

  • @emilyreyes4237
    @emilyreyes42376 жыл бұрын

    Thank you! This is helpful. I think I will watch it one more time to understand it better (all of this information is new to me).

  • @rachelshelley4779
    @rachelshelley47793 жыл бұрын

    Fabulous lesson. I'm currently in a Tests and Measures master's class. We need to do an assessment review of the Big Five, which as you know analyzes data using the statistical procedure of factor analysis; something not yet covered by my class. It doesn't help our professor doesn't lecture. We are made to read the book and loads of research, but we are left to extrapolate meaning. This is one class I regret taking online during COVID. Thank you for the clarification.

  • @SourabhVourabh
    @SourabhVourabh3 жыл бұрын

    So well explained! Loving your channel Ben.

  • @talananiyiyaya8912
    @talananiyiyaya89122 жыл бұрын

    Thank you! These explanations helped a ton with my first year stats papers.

  • @PrabhakarKrishnamurthyprof
    @PrabhakarKrishnamurthyprof2 жыл бұрын

    Thank you Professor. It is great revision. You made it simple and effective.

  • @OneMeInMyself
    @OneMeInMyself4 жыл бұрын

    REALLY well explained .Thank you very much!

  • @ciceu
    @ciceu8 жыл бұрын

    Thank you! Great learning material

  • @snokful
    @snokful Жыл бұрын

    Ohhh… just been slogging through Manly textbook chapter on Factor Analysis, while also watching a great deal of this series, and getting more & more confused, until the chapter’s conclusion defined a few terms that really were needed at the start. Turns out this youtube series is mostly pertinent to CONFIRMATORY Factor Analysis, whereas Manly (& my upcoming assignment) is focussing on EXPLORATORY Factor Analysis. Which is … kinda different, back to front. Thankyou though! Things are definitely more clearly explained than the Manly textbook or my lecturer.

  • @divyanshbhatnagarmyword
    @divyanshbhatnagarmyword7 жыл бұрын

    Well Explained !! Thank you !!

  • @BigOobie23
    @BigOobie239 жыл бұрын

    Thank you for sharing this!

  • @andrewhoward7760
    @andrewhoward77607 жыл бұрын

    Very clearly explained, thanks.

  • @rjmoss1985
    @rjmoss19859 жыл бұрын

    Well explained and helpful video, nice one !

  • @alineball759
    @alineball7593 жыл бұрын

    Very clear explanation. Thank you!

  • @Siwsonvirusman
    @Siwsonvirusman9 жыл бұрын

    Thank you! It helped me a lot

  • @hello_carrot
    @hello_carrot9 жыл бұрын

    Very helpful. Thank you!

  • @Tanmay12
    @Tanmay128 жыл бұрын

    Thanks a lot. Great video.

  • @7867roshan
    @7867roshan7 жыл бұрын

    Excellent explanation

  • @ebnouseyid5518
    @ebnouseyid55182 жыл бұрын

    Thanks for the wonderful lecture in EFA. I have a question: The assumption that the measurement errors are not correlated with the factors and not correlated between them, this assumption isn't valid in reality?

  • @hampusoresten1935
    @hampusoresten19356 жыл бұрын

    Thank you mate!

  • @lbat5276
    @lbat52764 жыл бұрын

    Great video. Could you share (does anyone in the comments know) what presentation software is being used?

  • @stephennorman176
    @stephennorman1767 жыл бұрын

    Hi Ben, Sorry I am very new to statistics so please ignore the foolishness of this question - If you were to somehow cross analyse 'depression' and 'anxiety' (the underlying factors) against, say, age brackets what model of analysis would you suggest? For example, if I divided the sample population into age brackets (0-14 years, 15-24 years, 25-54 years, 55-64 years, 65 years and over) and then wanted to show the prevalence of 'underlying factor X' and 'underlying factor Y' within each age bracket what model or method should I use to display this association? Thanks so much!

  • @Natalie-dq2df

    @Natalie-dq2df

    6 жыл бұрын

    Steven Norman I'd recommend checking out multi group confirmatory factor analysis, might be a good option

  • @reyes276
    @reyes2767 жыл бұрын

    In the case of time series, do the series have to be stationary? Is there an assumption in factor analysis that requires this?

  • @robindsouza2357
    @robindsouza23578 жыл бұрын

    Nice one, Ben :)

  • @yinglin6725
    @yinglin67254 жыл бұрын

    Thanks a lot!

  • @chrissidiras
    @chrissidiras7 жыл бұрын

    So low sound intensity on such a great video made me uncomfort my self and get my headphones man... This is inhuman. Great video by the way!!!

  • @NeverBeenTold
    @NeverBeenTold7 жыл бұрын

    thank you!!

  • @xinruili2430
    @xinruili24303 жыл бұрын

    It really helps! thx

  • @donjr3270
    @donjr32706 жыл бұрын

    Wish the video was louder. Plus, if you could do some calculation examples maybe?

  • @ecurb10
    @ecurb105 жыл бұрын

    Well explained thanks, but: What do you mean by "unobserved" variables (depression and anxiety)? If they're unobserved that would mean (I assume) that they're not measured, in which case how would they be factored in?

  • @Luka-xu6lk

    @Luka-xu6lk

    5 жыл бұрын

    When you start the analysis you dont have the names of your future factors but you have some data you are doing analysis on so i guess you would based on the resaults name the person prone to suicid and insomnia in a factor of depression. I am not 100% sure if that is correct but thats what i think the point is

  • @austinpundit6321

    @austinpundit6321

    5 жыл бұрын

    Maybe think of it as clumping factors which are related into one factor somehow.

  • @umarrosman

    @umarrosman

    3 жыл бұрын

    Unobserved variables are non-measurable concepts, that even likert scale needs multiple variables to understand... do you get my drift?

  • @youhenok
    @youhenok3 жыл бұрын

    Best as usual.

  • @Cleisthenes2
    @Cleisthenes23 жыл бұрын

    Captain, we need to reduce the dimensionality in order to increase the predictive power of the model!

  • @nozich28
    @nozich288 жыл бұрын

    Hi, may I know what your specific source was for this lecture? :)

  • @tomaskovarik1215
    @tomaskovarik12156 жыл бұрын

    can you increase the volume?

  • @billfrug
    @billfrug2 жыл бұрын

    You've labelled the hidden factors as depression and anxiety but it's really just 2 factors that explain, right? ie dimensionalty reduction but who's to say what the factors really are?

  • @moeommarlwin3434
    @moeommarlwin34347 жыл бұрын

    can i draw factor score on map?

  • @nathannguyen2041
    @nathannguyen20413 жыл бұрын

    Random question.. did you like real analysis?

  • @samsontsuma592
    @samsontsuma5927 жыл бұрын

    Quiet video put sound on it.

  • @jasonjaejae
    @jasonjaejae5 жыл бұрын

    it totally looks like a neural network.

  • @yeoshenghong4802
    @yeoshenghong48022 жыл бұрын

    your presentation is excellent but you need to buy a mic because the voice is to low even maximum 100 value

  • @MrSupergigaman
    @MrSupergigaman5 жыл бұрын

    talking about suicidal thoughts during an exam period is dangerous... good video tho

  • @gilessb
    @gilessb5 жыл бұрын

    Whoosh

  • @catklyst
    @catklyst4 жыл бұрын

    This sounds remarkably like contemporary machine learning techniques.

  • @jarinorvanto4301
    @jarinorvanto430111 ай бұрын

    Factory analysis: factor analysis on a humongous scale.

  • @whatisavailablethen
    @whatisavailablethen8 жыл бұрын

    This video is way too quiet, I can't watch it.

  • @emilyreyes4237

    @emilyreyes4237

    6 жыл бұрын

    With headphones the volume is good. Otherwise, it is pretty quiet.

  • @woritsez
    @woritsez3 жыл бұрын

    audio not a factor

  • @m.c.4458
    @m.c.44584 жыл бұрын

    got lost

  • @FrameByFrame96
    @FrameByFrame966 жыл бұрын

    just what the fuck is he talkin about

  • @ultrarelativistic
    @ultrarelativistic5 жыл бұрын

    Audio sucks

  • @Girlintherocket
    @Girlintherocket4 жыл бұрын

    VAIR-EE-ABLES. FFS. How can anyone learn from someone who pronounces this word VAIR-ABLES?

  • @SuperJegermegasej

    @SuperJegermegasej

    4 жыл бұрын

    You sound like someone, who had a very bad day. Hope you feel better now.

  • @catklyst

    @catklyst

    4 жыл бұрын

    Chill the fuck out bitch. This guy took time out of his day to explain this shit.

  • @almonddonut1818
    @almonddonut18182 жыл бұрын

    Thank you for this! 🥹

  • @jasonjaejae
    @jasonjaejae5 жыл бұрын

    it totally looks like a neural network.