In the last post Vol. 1. Introduction the idea of factor analysis, we have introduced the concept of factor analysis. There are various ways to implement the factor analysis against the problem you’re trying to resolve or explain. However, any of them would require proper data to be provisioned.
Just like the cover image that I used in this post implies. All the top-tiered chefs know how to make good dishes as their skills are polished and proficient. In the end, the quality of the ingredients matter. That’s why it’s essential to acquire the right data in the right way, and then you’ll have the solid foundation to proceed with the analysis.
I’m putting together the functions and processes in the below notebook. Hope this would help you understand what kind of data we need and what we need to pay attention to while fetching the data we need.