Kaiser's Rule States That Only Those Components in Principal Components

question 27

True/False

Kaiser's rule states that only those components in principal components analysis whose eigenvalues are greater than 1 should be retained.

---

Definitions:

Demand Schedule

A table that lists the quantity of a good that consumers are willing to buy at different price points.

Monopolistically Competitive

Illustrates a market model in which numerous enterprises sell goods that are alike but not perfectly identical, enabling them to possess a certain amount of dominance in the market.

Industry Entry

The process or act of beginning to operate or participate in a specific sector or market.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices over a specified period of time.