The result of the estimation process through rigorous guessing ...

[karen]

The result of the estimation process through rigorous guessing procedures is
 a. the best beta value for each parameter
  b. the best guess value for each parameter
  c. a distribution of the various values of each parameter
  d. an estimation of the distance between each data point and the normalized centroid

Question 2

If a bank wants to differentiate between successful and unsuccessful credit risks for home mortgage loans, it should use _____.
 a. factor analysis
  b. multidimensional scaling
  c. MANOVA
  d. discriminant analysis

[Bsand8]

Answer to Question 1

C
The Markov chain Monte Carlo process produces a posterior distribution of the values for each parameter.

Answer to Question 2

D