The Goal of Discriminant Analysis Is

question 20

Multiple Choice

The goal of discriminant analysis is

• A) to develop a model to predict new dependent values.
• B) to develop a rule for predicting to what group a new observation is most likely to belong.
• C) to develop a rule for predicting how independent variable values predict dependent values.
• D) none of these.

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Definitions:

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a primary time unit in most calendar systems.

Trade Imbalance

A situation where the value of a country's imports significantly exceeds or is less than the value of its exports.

Growing Trade

An increase in the exchange of goods and services between countries, contributing to economic development and globalization.

Fastest Growing

A term often used to describe entities or economies that increase in size, value, or importance at a very rapid pace.