I would like to conduct factor analysis and then run regression. I have data measured on scale 0=strongly disagree to 10 strongly agree. Respondents evaluated 24 statements for 5 different brands. So, I have in my data set 5*24=120 variables. Now, my goal is to combine these variables into one set of variables so they represent valuations of all brands together. So I want to get 24 items which includes valuations of all brands. I need to combine this statements. Also one item is negatively formulated. Do I have to reverse the codes?
What would you suggest? How should I transform and combine these variables, so that I get one set of variables to conduct factor analysis (which takes into account all scores for all brands)
I would much appreciate your quick response
Best regards,
Davit