Solution-Multivariate techniques, Provide at least 1

Multivariate techniques

Assignment Help Basic Statistics

Reference no: EM1396896

A high-end market research firm has contacted your boss and is trying to sell some business to your organization. Upper management does not want to appear incompetent, so they have asked you to research and explain three major ways multivariate statistics are used in a business.

Provide at least 1 example of how a real company has used each of the following multivariate techniques: factor analysis, multi-dimensional scaling, and cluster analysis. Companies that provide statistics software websites and market research firm websites usually include case studies and customer testimonials.

Also, Write an e-mail explaining to upper management the chosen multivariate technique, how it is different than the other 2 techniques, how at least one other real-life company has used this technique to address a business problem and how that technique might be used at your own organization.

Reference no: EM1396896

Questions Cloud

Estimate of companies cost of equity be if he uses the capm : estimated market risk premium of 5%, illustrate what should Jims estimate of Companies cost of equity be if he uses the CAPM?

Showing that the drug has a beneficial effect : The t-statistics that was obtained in the study of 400 subjects was t=20, rejecting the null hypothesis and showing that the drug has a beneficial effect. Why was management upset?

How verbal-nonverbal communication affect courtroom setting : Write down 1,750- to 2,100-word paper explaining how verbal and nonverbal communication can influence communication in following areas: Courtroom setting (testifying)

Identify the five forces of the industry environment : Identify the positive and negative effects of the general environment faced by Saffronart. Identify the 5-forces of the industry environment. Explain how Saffron art is positioned relative to each of them

Multivariate techniques : Provide at least 1 example of how a real company has used each of the following multivariate techniques: factor analysis, multi-dimensional scaling, and cluster analysis.

How low levels of carnitine can cause muscular weakness : Low levels of carnitine can cause muscular weakness during exercise. Why, and will it affect metabolism of glycogen?

Extreme value in the sample of mean : A sample of n=20 has a mean of M=40. If the standard deviation is s=5, would a score of x=55 be considered an extreme value?

Academic approach to multiple regression analysis : Maria Gomez, a research analyst in the state department of health, has undertaken a study of the possible consequences of overbuilding hospital facilities.

How are minutes arrived at in the context : Assume that the genetrpA in an auxotrophic strain ofE. coliis located at 27 minutes, whereas the genepyrE is located at 81 minutes.

User Account

All Pages

Multivariate techniques

Reference no: EM1396896

Reference no: EM1396896

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT