Is a Class of Procedures Primarily Used for Data Reduction

question 68

Multiple Choice

is a class of procedures primarily used for data reduction and summarization.

• A) Factor analysis
• B) Discriminant analysis
• C) Conjoint analysis
• D) Regression analysis

---

Definitions:

Manufacturing Process

Involves the steps, operations, and methods employed in transforming raw materials into finished goods or products.

Specifications

Detailed descriptions of the design, materials, and performance criteria that a product, service, or project must meet.

Disqualifying Suppliers

The process of removing vendors from consideration for contracts due to failure to meet specified criteria or standards.

Competitive Advantage

An attribute or set of attributes that allows an organization to outperform its competitors.