Scree plot interpretation

#1
Dear All,
Interpreting Scree plots to decide on the number of factors in EFA is very subjective and difficult.
May I possibly know your conclusion on the number of factors to retain based on the attached plot?
I'll be very appreciated.
Best
Anthony
 

Attachments

#2
Was this really a factor analysis, not a principal components analysis?

If one uses the "elbow" criterion, then 2 factors could be used.
Whether this makes sense, depends on the interpretabilty (IMO).

With kind regards

Karabiner
 

hlsmith

Less is more. Stay pure. Stay poor.
#4
I have never seen this, but I wonder of internal validation could be use via having a holdout set to confirm cut-offs.

I haven't reviewed many of these, but yes 2 seems to be the blatant and magical number in this one.