Author Question: Discuss the similarities and differences between factor and cluster ... (Read 44 times)

rachel9 · **on:** Jun 29, 2018

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 · **Reply #1 on:** Jun 29, 2018

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.