How Is Discriminant Analysis Different from Multiple Regression

question 71

Multiple Choice

How is discriminant analysis different from multiple regression?

• A)In discriminant analysis, the criterion variable is a set of categories rather than a continuous variable.
• B)The criterion variable is continuous in discriminant analysis but not in multiple regression.
• C)Discriminant analysis is a form of factor analysis, while multiple regression is not.
• D)Discriminant analysis and multiple regression involve exactly the same process.

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Definitions:

Standard Costs

The predetermined expenses for the production of a product or operation of a service, used as a baseline to measure performance.

Direct Labor Wage Variance

The difference between the expected cost of direct labor for production and the actual cost incurred.

Direct Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate.