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Author Question: Discuss the similarities and differences between factor and cluster ... (Read 75 times)

rachel9

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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


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cswans24

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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.


rachel9

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

TheDev123

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

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