As nouns,
factor analysis is a hyponym of
correlational analysis; that is,
factor analysis is a
word with a more specific, narrower meaning than
correlational analysis:
- correlational analysis: the use of statistical correlation to evaluate the strength of the relations between variables
- factor analysis: any of several methods for reducing correlational data to a smaller number of dimensions or factors; beginning with a correlation matrix a small number of components or factors are extracted that are regarded as the basic variables that account for the interrelations observed in the data