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Think Back to a Time When You Have Said,"This Is

question 51

Essay

Think back to a time when you have said,"This is great idea.How come nobody thought of this before?" Assuming no one has thought of it before,what would be the first steps to take to develop a new product idea?


Definitions:

Multivariate Analysis

A set of statistical techniques used to analyze data that involves more than one variable, understanding the effect and relationships among them.

Discriminant Analysis

A statistical technique used to classify observations into predefined categories based on several predictor variables.

Multiple Regression

A statistical technique whereby several variables are used to predict one.

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