In Factor Analysis Each Subsequent Factor Accounts for

question 24

Short Answer

In factor analysis each subsequent factor accounts for
a) increasing amount of variance in data
b) decreasing amount of variance in data
c) same amount of variance in data
d) none of the above

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Definitions:

Sales Promotions

Short-term marketing strategies aimed at stimulating interest, demand, or purchase of a product or service.

Coastal Sightseeing

A tourist activity focused on exploring and enjoying the scenic views and natural features along coastlines.

Lagged Effect

The delayed response or impact that occurs after the initial occurrence of an event, often seen in marketing and economics.

Direct Marketing

A form of advertising where companies communicate directly with consumers through mediums such as mail, email, phone calls, and text messages, without intermediaries.