Discuss the similarities and differences between factor and ...

[rachel9]

Discuss the similarities and differences between factor and cluster analyses.

Question 2

If the purpose of the regression analysis is forecasting, then standardized regression estimates must be used.
 
 Indicate whether the statement is true or false

[cswans24]

Answer to Question 1

Both factor and cluster analyses could be characterized as data reduction techniques. Factor analysis tells us which variables are similar to one another and how they should be grouped; cluster analysis tells us which cases are similar and how they should be grouped.

Answer to Question 2

F
Raw parameter estimates must be used for forecasting.

[rachel9]

Thanks for the timely response, appreciate it

[komodo7]

YES! Correct, THANKS for helping me on my review