What Is a Positive Attribute of Linear Discriminate Analysis

question 67

Multiple Choice

What is a positive attribute of linear discriminate analysis?

• A) The model is interpretable and prediction is easy.
• B) It can be used with a constant p-value less than .05, so significance is implied.
• C) It can be used in place of logistic and simple regression techniques in most cases.
• D) It used the cubed distance between predictor variables, creating validation of the data.

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Definitions:

Firm

A firm is a business organization that produces and sells goods or services in an effort to generate profit.

Shut Down

The temporary or permanent closure of a business operation due to various reasons such as financial losses, market conditions, or legal mandates.

Ramifications

A consequence of an action or decision, often complex or unwelcome.

Competitive Price-Taker Model

A market situation where individual firms have no control over the price of a product, typically because of perfect competition.