Latent and observable variables: Difference between revisions

Revision as of 03:46, 12 September 2005

Revision as of 00:12, 8 December 2005

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One advantage of using latent variables is that it reduces the dimensionality of data. A large number of observable variables can be aggregated to represent an underlying concept, making it easier for human beings to understand and assimilate information.

[[Category:Social sciences]]

[[Category:Economics]]