S2E21: Yes, Virginia... There ARE Latent Variables
Quantitude
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The Latent Factor of SES
"I've done this my entire life from when I was age five all the way up and I'm like, no, no, you don't understand what it's doing," he says. "There's a paper to be written out there on this and I've just never gotten around to writing it." He explains how two models of SES are identical but drawn differently. 'What your latent factor becomes is a theoretical determination, not a statistical one'
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