Parametric Predictive Analysis Can Be Used to Classify Qualitative Variables

question 22

Multiple Choice

Parametric predictive analysis can be used to classify qualitative variables into several groups. The processes might include:

• A) logistic regression.
• B) simple regression.
• C) vertical discriminate analysis.
• D) stratification and clustering techniques.

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Definitions:

Majority Voting

A decision-making process where the choice supported by more than half of the participants wins.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without preventing the consumption by others.

Paired-Choice Majority Voting

A decision-making process in which choices are presented in pairs and voted on, with the majority preference determining the winner in each pair.

Special-Interest Effect

The impact of interest groups on politics and policy making, where small groups achieve benefits at the expense of the larger population.