Which of the Following Multivariate Methods' Goals Is to Achieve

question 12

Multiple Choice

Which of the following multivariate methods' goals is to achieve parsimony?

• A) Multidimensional scaling
• B) Factor analysis
• C) Cluster analysis
• D) Discriminant analysis

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Definitions:

Authorization

The official permission or power to do something, often formally granted by a higher authority.

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Voluntary agreement or permission for something to happen or agreement to do something.

Earned Surplus Test

A financial measurement to assess a company's ability to pay dividends based on its accumulated, undistributed profits.

Surplus Test

An assessment used in insurance and other financial sectors to evaluate a company's financial stability by comparing its assets to liabilities to ensure it can meet future obligations.