Which type of multivariate analysis should be used when a researcher wants to estimate the utility that consumers associate with different product
... [Show More] features? - -conjoint analysis
-Which type of multivariate analysis should be used when a researcher wants to identify subgroups of individuals that are homogeneous within subgroups and different from other subgroups? - -cluster analysis
-Which type of multivariate analysis should be used when a researcher wants to reduce a set of variables to a smaller set of composite variables by identifying underlying dimensions of the data? - -factor analysis
-Which type of multivariate analysis should be used when a researcher wants to predict a dependent variable based on the levels of more than one independent variable? - -multiple regression analysis
-What type of analysis fits a plane to observations in a multidimensional space? - -Multiple regression analysis
-For which statistical analysis is the following formula used?
Y = a + b1X1 + b2X2 + b3X3 + ... + bn Xn - -Multiple regression
-If "R squared" in a regression analysis is found to be .65, this means that ________ percent of the variation in the dependent variable can be explained by variation in the independent variable. - -65
-In regression analysis, when males are coded as "0" and females are coded as "1", what type of variables are being used? - -dummy variables
-In multiple discriminant analysis, the dependent variable must be ________, while in multiple regression analysis, the dependent variable must be ________. - -nominal; metric
-In multiple discriminant analysis, the discriminant score is typically identified as a(n) ________ score. - -Z
-Which of the following techniques is most appropriate for analyzing one metric dependent variable and its relation to several metric independent variables? - -multiple regression
-In factor analysis, a linear combination of variables that are correlated with one another is called a(n): - -factor
-Which type of statistical analysis is used to determine what features a new car should have and how this car should be priced? - -conjoint analysis
-In predictive analytics, which task deals with using regression to predict subgroup membership with high predictive accuracy? - -modeling
-Multivariate statistical analysis procedures are a logical extension of both univariate and bivariate statistical procedures. - -true
-Multiple regression fits a plane to observations in a multidimensional space. - -true
-The goal of discriminant analysis is to predict a categorical variable. - -true
-Cluster analysis is used to identify people who are similar to one another in regard to specific variables. - -true
-The purpose of factor analysis is to simplify the data. - -true
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