Many psychological processes are characterized by recurrent shifts between distinct regimes or states. Examples that are considered in this paper are the switches between different states associated with premenstrual syndrome, hourly fluctuations in affect during a major depressive episode, and shifts between a "hot hand" and a…

Dynamic factor analysis summarizes changes in scores on a battery of manifest variables over repeated measurements in terms of a time series in a substantially smaller number of latent factors. Algebraic formulae for standard errors of parameter estimates are more difficult to obtain than in the usual intersubject factor analysis because of the…