A Researcher Has 57 Variables in a Large Dataset and Wishes

question 57

Multiple Choice

A researcher has 57 variables in a large dataset and wishes to summarize the information from them into a reduced set of variables.Which multivariate technique should be used?

• A)factor analysis
• B)multidimensional scaling
• C)logit analysis
• D)regression analysis

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Definitions:

Competitors

Entities that compete in the same industry or market against one another, offering similar goods or services.

Key Chains

Small, usually decorative chains or rings used for holding keys together.

Tourist Gift Shops

Retail outlets specializing in the sale of souvenirs and merchandise aimed at visitors and tourists, often featuring items symbolic of the location.

Inventory

The total quantity of goods and materials held in stock by a business, warehouse, or point of sale.