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Author Question: LexisNexis is a company that puts together consortia of data sources into packages that are offered ... (Read 49 times)

RYAN BANYAN

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on: Jun 28, 2018
LexisNexis is a company that puts together consortia of data sources into packages that are offered to municipal, corporate, and university libraries for a fee. LexisNexis is an example of a data ____.
 a. compiler
  b. wholesaler
  c. warehouse
  d. miner

Question 2

Identify and describe the two approaches for creating a perceptual map.


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frankwu0507

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Reply #1 on: Jun 28, 2018
Answer to Question 1

B

Answer to Question 2

The two approaches are attribute-based and MDS (multidimensional scaling.) If we want to create a map based on attributes, we have customers complete a survey that asks them to make two kinds of ratings: (1) How does our brand rate on a number of attributes? (2) How important is each of these attributes? MDS is quite different because it simply present pairs of brands and asks, How similar are these two brands? for every pair in the set.


RYAN BANYAN

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Reply 2 on: Jun 28, 2018
Thanks for the timely response, appreciate it

elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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