Interpreting the scree plot

A commonly used criterion for selecting the optimal number of factors is to only consider factors with eigenvalues greater than 1. scree() includes a solid horizontal line at 1 on the y-axis to help you quickly interpret your results. Run the code below to recreate the scree plot from the bfi_EFA data you created in the previous exercise. Based on the results, how many factors are recommended?

# Calculate the correlation matrix
bfi_EFA_cor <- cor(bfi_EFA, use = "pairwise.complete.obs")

# Use the correlation matrix to create the scree plot
scree(bfi_EFA_cor, factors = FALSE)

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3 factors
4 factors
5 factors
6 factors

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Exercise

Interpreting the scree plot

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