A Comparison of Four Methods of Constructing Factor Scores

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Abstract
Four least-squares methods for constructing factor scores have been described in the literature. The formal properties of these scores are developed, and they are compared in terms of four generally desirable properties of constructed factor scores. In particular, it is shown that two of the methods yield scores that are conditionally unbiassed, and univocal in the sense of Guilford and Michael, though not orthogonal, while one of the other methods yields orthogonal scores.It is shown that constructed factor scores cannot be simultaneously univocal and orthogonal, unless we choose the special basis in factor space given by Canonical Factor Analysis.The general problem of choosing between the methods is discussed, on the basis of the theoretical relations obtained.

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