Principal Components Analysis May Be Used as a Variable Reducing

question 3

True/False

Principal components analysis may be used as a variable reducing scheme for further analysis.

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Definitions:

SPSS

A comprehensive software package for statistical analysis, widely used in social science research for data management and documentation.

Gasoline

A petroleum-derived liquid mixture used primarily as fuel in internal combustion engines.

Forbes 500

An annual listing by Forbes magazine that ranks 500 of the largest United States corporations by total revenue.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.