Which of the Following Statements Is Not an Objective of Discriminant

question 25

Multiple Choice

Which of the following statements is not an objective of discriminant analysis?

• A) evaluation of the accuracy of classification
• B) determination of which predictor variables contribute to most of the intergroup differences
• C) classification of cases to one of the groups based on the values of the predictor variables
• D) examination of whether significant differences exist among the groups,in terms of the criterion variables

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Definitions:

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumers' income.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, in contrast to a normal good.

One-Of-A-Kind

An item or phenomenon that is unique and has no identical counterpart.

Perfectly Inelastic

A market condition where the quantity demanded or supplied does not change regardless of price fluctuations.