How can latent variables simplify exploratory data analysis?
Exploratory data analysis (EDA) is a crucial step in any data analytics project, as it helps you understand the structure, patterns, and relationships in your data. However, EDA can also be challenging and time-consuming, especially when you have a large number of variables to examine. How can you reduce the complexity and dimensionality of your data without losing important information? One possible solution is to use latent variables.