Factor rotation performed on PCA output

For technical questions regarding estimation of single equations, systems, VARs, Factor analysis and State Space Models in EViews. General econometric questions and advice should go in the Econometric Discussions forum.

Moderators: EViews Gareth, EViews Moderator

EViews Glenn
EViews Developer
Posts: 2682
Joined: Wed Oct 15, 2008 9:17 am

Re: Factor rotation performed on PCA output

Postby EViews Glenn » Tue Aug 14, 2012 9:24 am

Your loadings don't appear to be the same (FEVEC). What's the version/date on your copy of EViews?

bernerth
Posts: 14
Joined: Thu Jul 08, 2010 11:59 am

Re: Factor rotation performed on PCA output

Postby bernerth » Wed Aug 15, 2012 3:13 pm

Just realized there is a page two in this chat chain.
My Eviews version is 7.1, Standard Edition - Sep 10 2010 build

EViews Gareth
Fe ddaethom, fe welon, fe amcangyfrifon
Posts: 13603
Joined: Tue Sep 16, 2008 5:38 pm

Re: Factor rotation performed on PCA output

Postby EViews Gareth » Wed Aug 15, 2012 3:16 pm

Way out of date. You need to update to the latest version by installing the Upgrade Installer:
http://eviews.com/download/download.html

bernerth
Posts: 14
Joined: Thu Jul 08, 2010 11:59 am

Re: Factor rotation performed on PCA output

Postby bernerth » Thu Aug 16, 2012 12:05 pm

Thx Glenn, now it worked. Is there a way to perform the varimax rotation on the adjusted factor loadings? By adjusted I mean divide the factor loadings of the principal factors (as derived by the EFA) by the square root of the corresponding eigenvalue? That way I can perform the rotation on the loadings as if they were the loadings of the principal components (as derived by the EFA). I understand that ordinally it won't make a difference, but the actual rotated loadings will be different if I simply perform the rotation on the unadjusted factor loadings.
Thx
T

EViews Glenn
EViews Developer
Posts: 2682
Joined: Wed Oct 15, 2008 9:17 am

Re: Factor rotation performed on PCA output

Postby EViews Glenn » Fri Aug 17, 2012 10:46 am

I can't think of an easy way. I think that you *might* be able to compute the covariance matrix and save it using the covariance tools. Then scale it by the eigenvalues in such a way that the factor analysis gives you scaled loadings that match the principal components unscaled loadings. Feed that into the factor analysis routines. But that's just a hunch.

bernerth
Posts: 14
Joined: Thu Jul 08, 2010 11:59 am

Re: Factor rotation performed on PCA output

Postby bernerth » Fri Aug 17, 2012 11:16 am

Ok thx Glenn. For interpretation purposes the ordinal ordering works for me.
Thx again for all your help.
T


Return to “Estimation”

Who is online

Users browsing this forum: No registered users and 2 guests