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Principal Components Analysis Is Generally Used to Reduce the Number

question 13

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Principal components analysis is generally used to reduce the number of IVs, which is advantageous when conducting multivariate techniques in which the IVs are not correlated.


Definitions:

Principle Of Estoppel

A legal doctrine preventing an individual or entity from making assertions or from going back on their word where actions or declarations have been made that others have relied upon.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.

Establish A Partnership

The process of creating a partnership, which involves two or more individuals agree to share the profits and losses of a business endeavor.

Fiduciary Duty

A legal obligation requiring one party to act in the best interest of another when entrusted with care or responsibility for their property or welfare.

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