Exam 21: Multidimensional Scaling and Conjoint Analysis

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In order to perform internal analysis of preferences,both preference and perception data must be obtained.

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________ requires that the researcher specify the purpose for which the MDS results would be used and select the brands or other stimuli to be included in the analysis.

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In MDS,at minimum,________ brands or stimuli should be included so as to obtain a well-defined spatial map.Including more than ________ brands is likely to be cumbersome and may result in respondent fatigue.

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When conducting conjoint analysis in ________,the researcher must identify the attributes and attribute levels to be used in constructing stimuli.

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For interpreting conjoint analysis,it is helpful to plot the part-worth functions.

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Which of the following is not a factor influencing the MDS selection procedure?

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Conjoint analysis assumes that the important attributes of a product can be identified.

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List the steps in conjoint analysis.

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Which statement is true about the full-profile approach to constructing conjoint analysis stimuli?

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Suppose a researcher is interested in obtaining consumer perceptions of automobiles,the choice of the number and specific brands or stimuli to be included in the MDS analysis should be based on the statement of the marketing research problem and theory only.The researcher should not bias the research by also using his judgment to determine what should be included in the analysis.

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Which statement is true about using discriminant analysis to create spatial maps?

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Conjoint analysis assumes that consumers evaluate the choice alternatives in terms of the important attributes and make trade-offs.

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Which statement is true about using factor analysis to create spatial maps?

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Quantitative data can be mapped using correspondence analysis.

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Which of the following is not a way to assess reliability and validity of the MDS solution?

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The objective in MDS is to obtain a spatial map that best fits the input data in the smallest number of dimensions.

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The metric MDS procedures assume that input data are metric and the output is also metric.

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External analysis of preferences is preferred in most situations.

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The pair-wise approach to conducting conjoint analysis stimuli is more commonly used than the full-profile approach.

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Which statement is true about correspondence analysis?

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