Usually means: Statistical method maximizing factor simplicity.
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We found 3 dictionaries that define the word varimax:

General (3 matching dictionaries)
  1. varimax: Oxford Learner's Dictionaries
  2. varimax: Wiktionary
  3. VARIMAX: Wikipedia, the Free Encyclopedia

Definitions from Wiktionary (varimax)

adjective:  (statistics) Describing a rotation that maximizes the sum of the variances of the squared loadings, often used in surveys to see how groupings of questions measure the same concept.

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