Parallel analysis

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Parallel analysis, also known as Horn's parallel analysis, is a statistical method used to determine the number of components to keep in a

Monte-Carlo simulated matrix created from random data of the same size.[2]

Evaluation and comparison with alternatives

Parallel analysis is regarded as one of the more accurate methods for determining the number of factors or components to retain.[3] Since its original publication, multiple variations of parallel analysis have been proposed.[4][5] Other methods of determining the number of factors or components to retain in an analysis include the scree plot, Kaiser rule, or Velicer's MAP test.[6]

Implementation

Parallel analysis has been implemented in

STATA, and MATLAB[8][9][10] and in multiple packages for the R programming language, including the psych[11][12] multicon,[13] hornpa,[14] and paran packages.[15][16]

See also

References