________ is a class of techniques used to classify objects or cases into relatively homogeneous groups.
A) Common factor analysis
B) Cluster analysis
C) Principal components analysis
D) Conjoint analysis

Question

Quizplus · Accepted Answer

Cluster analysis is a technique used to classify objects or cases into relatively homogeneous groups based on their similarities. This method groups data points in such a way that objects in the same group are more similar to each other than those in the other groups. This method is often used in market segmentation, customer segmentation, and other types of data classification tasks. Common factor analysis, principal components analysis, and conjoint analysis are all different statistical methods that are not directly related to classifying objects into groups based on their similarities.

________ Is a Class of Techniques Used to Classify Objects