________ Is a Class of Procedures Primarily Used for Data

question 22

Multiple Choice

________ is a class of procedures primarily used for data reduction and summarization.

• A) Conjoint analysis
• B) Factor analysis
• C) Regression analysis
• D) Discriminant analysis

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Definitions:

Technology Changes

Refers to the process of adopting new and improved technologies, often leading to innovation and transformation in various sectors.

Cumulative Savings

Total savings accumulated over time usually as a result of cost-saving strategies and efficiencies.

Value Analysis

A systematic approach to assess the function of goods or services with the goal of reducing cost while maintaining or improving quality and performance.

Purchase Item

Refers to any good or service that is acquired by an individual or organization through buying.