I did EFA on a set of Likert Scale data.
I got 3 factors based on parallel analysis.
Factor 1 - 15 items
Factor 2 - 5 items
Factor 3 - 3 items
Didi CFA and got good fit.
Is it possible to reduce the number of factors to say 4 or 5?
I tried reducing it, did cronbach's alpha ..before was like 0.93, after is 0.92-ish
BTW, factor loadings of all 14 of the 15 items are also quite high - 0.69 to 0.92
I'm trying to reduce the number because in SEM, the 15 items is a lot of freeparameters resulting in identification issues.
If you have suggestions, let me know. Thanks!