Which Technique Is Useful for Discovering Patterns Among the Variables

question 14

Multiple Choice

Which technique is useful for discovering patterns among the variables in order to determine if an underlying combination of the original variables can summarize the original set?

• A) Multidimensional scaling
• B) Factor analysis
• C) Conjoint analysis
• D) Discriminant analysis
• E) MANOVA

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Definitions:

Valuable Human Resource

Refers to employees who are highly beneficial to an organization due to their skills, talents, and contributions.

Labor

The effort by people to produce goods or services that have economic value.

Event Timing Forecast

The prediction of when certain events are likely to occur, often used in planning and strategy development.

Market

An economic system that allows buyers and sellers to exchange goods and services.