Which of the Following Statistical Techniques Identifies Patterns Underlying Combinations

question 37

Multiple Choice

Which of the following statistical techniques identifies patterns underlying combinations of the original variables capable of summarizing the original set?

• A) Factor analysis
• B) Multivariate analysis of variance
• C) Cluster analysis
• D) Multidimensional scaling
• E) Discriminant analysis

---

Definitions:

Advanced Economy

A term used to describe countries with a high level of income per capita and industrial development, along with a high Human Development Index (HDI).

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

United Kingdom

A nation with sovereignty positioned to the northwest of mainland Europe, consisting of England, Scotland, Wales, and Northern Ireland.

Real GDP

Gross Domestic Product adjusted for inflation, providing a measure of the value of goods and services produced in a country using constant prices.