Factor analysis by minimizing residuals (minres)
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Psychometrika 31 (3): 351--368 (1966)

This paper is addressed to the classical problem of estimating factor loadings under the condition that the sum of squares of off-diagonal residuals be minimized. Communalities consistent with this criterion are produced as a by-product. The experimental work included several alternative algorithms before a highly efficient method was developed. The final procedure is illustrated with a numerical example. Some relationships of minres to principal-factor analysis and maximum-likelihood factor estimates are discussed, and several unresolved problems are pointed out.
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