What is multivariate analysis?
A)a procedure for managing large database systems.
B)synonymous with decision support analysis.
C)a group of statistical procedures used to analyze simultaneously multiple measurements of the individual or object being measured.
D)the measurement procedure for monitoring how several marketing variables function in multiple market situations.

Question

Quizplus · Accepted Answer

Multivariate analysis is a statistical procedure used to analyze simultaneously multiple measurements of the individual or object being measured. It involves the analysis of more than two variables and can be used to identify relationships between these variables. This analysis can also help identify underlying factors or dimensions that may not be immediately apparent.

What Is Multivariate Analysis