[Solved]Dr Smart Argues Number Factors T Equal Number Data Points N Factor Analysis Reduced Princi Q37215082

Dr. Smart argues that when the number factors (t) is equal tothe number of data points (N), the factor analysis is reduced tothe principal component analysis (PCA). Therefore, the t factorscomputed from factor analysis is always equivalent to the top tprincipal components in PCA with the greatest variances(eigenvalues). Is he right? Justify your answer

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Answer to Dr. Smart argues that when the number factors (t) is equal to the number of data points (N), the factor analysis is redu… . . .