Which Statement Is True About Using Discriminant Analysis to Create

question 11

Multiple Choice

Which statement is true about using discriminant analysis to create spatial maps?

• A)Spatial maps are obtained by plotting brand scores on the factors.
• B)Input data should be obtained via attribute-based approaches to obtaining perception data.
• C)Factor weights can be used to label the dimensions.
• D)Both A and C are true.

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Definitions:

Sealed-Bid

A method of auction or tendering process where all bidders simultaneously submit their bids in sealed envelopes, not known to others until the opening.

Expected Revenue

Refers to the forecasted amount of money a business expects to receive from sales over a certain period.

Sealed-Bid

A bidding process where all bidders submit their bids simultaneously in sealed envelopes, without knowing the bid amounts of other participants.

Lemons

In economics, refers to products of lower quality that cannot be distinguished from higher quality products before purchase, derived from the market for used cars analyzed by George Akerlof.