Hi,
I am very much interested in conducting factor analysis on binary data. In my data, several brands (8) are assessed with 19 different statements (items). Respondents are asked to assess whether or not certain statement characterize a brand.
I have seen that optimal scaling can be applied to non-metric data, however, it does not work with binary data. Can you suggest me any practical statistical method for binary data ?
I would much appreciate your quick response
Best regards,
Davit