If you need to identify groups of entities that have similar characteristics, you need to perform (a)
A) cluster analysis.
B) regression analysis.
C) neural network analysis.
D) online analytical processing.
E) grouping analysis.

Question

Quizplus · Accepted Answer

Cluster analysis is the most appropriate method for identifying groups of entities with similar characteristics. It is a statistical technique that groups similar objects together based on their characteristics or attributes. The goal is to identify underlying patterns and relationships among observations, and group them into meaningful clusters. Other options like regression analysis, neural network analysis, and online analytical processing are not suitable for identifying groups of entities with similar characteristics.

If You Need to Identify Groups of Entities That Have