Which of the following technique refers to a summarisation of information contained in a large number of variables into a smaller number of factors?
A) Cluster analysis
B) Exploratory factor analysis
C) Metric multidimensional scaling
D) Non-metric multidimensional scaling

Question

Quizplus · Accepted Answer

Exploratory factor analysis is the technique that refers to a summarisation of information contained in a large number of variables into a smaller number of factors. Cluster analysis is a technique that groups similar objects or individuals into clusters based on their similarity or distance, while metric and non-metric multidimensional scaling techniques are used for visualising and analysing similarities or differences between objects or individuals based on their perceived similarities or dissimilarities.

Which of the Following Technique Refers to a Summarisation of Information