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

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Definitions:

Long-Term Remedial Actions

Strategies or measures taken to correct or solve a problem, issue, or situation over an extended period.

Installment Contract

An agreement where payment is made in parts or installments over a specified period, commonly used in the sale of goods and real estate.

Sales Finance Company

A company that provides financing to customers to purchase goods, often through loans or leases.

Equity Investors

Individuals or entities that invest money into a business in exchange for ownership shares, participating in its profits and losses.