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Aggression factor is quite simply the ratio of the times you bet to the times you call.
So ann AggF of 1 means that you bet just as often as you call. >1 means you bet more than you call and <1 means you call more than you bet.
No other factors go into this calculation (to my knowledge)
What others have said is also true though. Consider two different villans both with an aggression factor of 2, meaning they bet twice as often as they call
One has 50% VPIP, the other has 5%.
With the first, when he bets, you don't have to give him much respect, but when Mr. 5% bets, GTFO!
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