Discriminant Analysis Can Only Be Used for Description and Not

question 41

True/False

Discriminant analysis can only be used for description and not for prediction purposes.

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Definitions:

Personal Items

Objects designed for personal use, often carried on a person, including items like accessories, personal electronics, and toiletries.

Consumer Products

Goods that are purchased by individuals for personal or household use, as opposed to products bought for business or industrial purposes.

Merchandise

Goods to be bought and sold within a retail environment, including various types of products such as clothing, electronics, and groceries.

Generic Products

Products marketed without a brand name, often characterized by lower prices and standard quality levels.