If Cluster Analysis Is Used as a General Data Reduction

question 5

True/False

If cluster analysis is used as a general data reduction tool,subsequent multivariate analysis can be conducted on the clusters rather than on the individual observations.

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Definitions:

Merchant

An individual or business engaged in the selling of goods or services, especially those involved in wholesale or retail trade.

Risk of Loss

Refers to the financial and legal responsibility for damage, destruction, or loss of goods, usually determined by the terms of sale like F.O.B.

Identification

The act of identifying or confirming the identity of an individual or object.

Risk of Loss

The potential for an investment or venture to result in financial loss, a fundamental consideration in finance and insurance.