Sir, I have to create an index (weighted). Can I assign weight through PLA to different components based on their importance? Please give some steps for this
I have 7 variables, and 37 items, while performing PCA analysis, fixed number of factor ( how many should i keep, 7 or should i leave it empty for software to decide?
Really nice! Can you please tell how to watch the videos which are meant for members only? Is there any membership option?
Thanks, Will let you know in a bit
Sir, I have to create an index (weighted). Can I assign weight through PLA to different components based on their importance? Please give some steps for this
Multiply the original variables by their corresponding component scores (from the PCA loadings).
Sum the weighted scores to obtain the final index.
Is it ok to consider the item belongs to that component where the item itself indicates higher loading
yes those items have a high loading you can consider rest please ignore
I have 7 variables, and 37 items, while performing PCA analysis, fixed number of factor ( how many should i keep, 7 or should i leave it empty for software to decide?
Let the sofware decide