Compare and contrast dependence and interdependence techniques. ...

[magmichele12]

Compare and contrast dependence and interdependence techniques. List the statistical techniques for both.

Question 2

Which of the following is the process of estimating the size and geographic distribution of the market for a particular product?
 a. external analysis c. factorial analysis
  b. market analysis d. customer analysis

[sailorcrescent]

Answer to Question 1

When hypotheses involve distinction between independent and dependent variables, dependence techniques are needed. Multiple regression analysis, multiple discriminant analysis, multivariate analysis of variance, conjoint analysis, and structural equations modeling are all dependence techniques. When researchers examine questions that do not distinguish between independent and dependent variables, interdependence techniques are used. No one variable or variable subset is to be predicted from or explained by the others. The most common interdependence methods are factor analysis, cluster analysis, and multidimensional scaling.

Answer to Question 2

B
Definition of market analysis