In Discriminant Analysis, with M Groups and P Predictor Variables

question 64

Multiple Choice

In discriminant analysis, with M groups and p predictor variables, the number of discriminant functions is given by

• A)m-1, p-1)
• B)m-1, p)
• C)m, p-1)
• D)m, p)
• E)none of the above.

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Definitions:

Differentiation

The process of distinguishing a product or service from competitors to make it more attractive to a particular target market.

Backward Integration

A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, often including the acquisition of or merger with suppliers.

Keiretsus

A Japanese term for a group of affiliated companies that form a tight-knit alliance to work toward mutual business goals.

Response Strategy

A plan of actions designed to address specific challenges, changes, or opportunities in the business environment.