Hello,
I am writing to build a wealth index based on asset ownership and quantities of a few separate asset owned. Most of the literature has pointed towards either having dummy variables or ordinal variables for PCA. Does Stata have a built-in PCA or other factor analysis that can account for both dummy and discrete variables? I realize that this is not the forum but I have spent too much time trying to find a solution to it. Many thanks!
I am writing to build a wealth index based on asset ownership and quantities of a few separate asset owned. Most of the literature has pointed towards either having dummy variables or ordinal variables for PCA. Does Stata have a built-in PCA or other factor analysis that can account for both dummy and discrete variables? I realize that this is not the forum but I have spent too much time trying to find a solution to it. Many thanks!
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