When analyzing differences between groups 2 or more.one would use
A)cluster analysis
B)factor analysis
C)discriminant analysis
D)conjoint analysis

Question

Quizplus · Accepted Answer

Discriminant analysis is the statistical method used to analyze the differences between two or more groups based on their characteristics. It helps in identifying which variables are most important in distinguishing between the groups. Cluster analysis is used for discovering groups or clusters in data based on similarity measures, while factor analysis is used for reducing a large number of variables to a smaller set of factors that explain the correlation among them. Conjoint analysis is used for determining the relative importance of different attributes in a product or service.

When Analyzing Differences Between Groups 2 or More