Exam 21: Multidimensional Scaling and Conjoint Analysis

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The direct approaches to collecting perception data are used more frequently than the attribute-based approaches.

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The number of brands or stimuli selected for use in MDS analysis and the specific brands included determines the nature of the resulting dimensions and configurations.

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In conjoint analysis,the attribute's importance is normalized to ascertain its importance relative to other attributes,Wi.

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________ is an MDS technique for scaling qualitative data that scales the rows and columns of the input contingency table in corresponding units so that each can be displayed in the same low-dimensional space.

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The fit of an MDS solution is commonly assessed by the stress measure.Stress is a goodness-of-fit measure;higher values of stress indicate better fits.

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The metric and non-metric MDS methods often produce vastly different results.

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Which is an advantage of the derived approach to collecting perception data?

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Perception data may be direct or derived.

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For metric conjoint analysis input data,the respondents provide ratings.

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________ is a form of conjoint analysis that can simplify the data collection task and estimate selected interactions as well as all main effects.

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Contrast conjoint analysis with MDS.

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In conjoint analysis,the importance of an attribute,Ii,is defined in terms of the range of the part-worths,αij,across the levels of that attribute Ii = {max(αij)- min(αij)},for each i.

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In conjoint analysis,________ are a special class of fractional designs that enable the efficient estimation of all main effects.

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What are the advantages and disadvantages of the direct and derived approaches to obtaining perception data for multidimensional scaling?

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MDS solutions are subject to substantial random variability.

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Which approach is best to use to obtain perception data,the direct approach or the derived approach?

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What are the steps involved in conducting multidimensional scaling?

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The derivation and use of ________ lie at the heart of multidimensional scaling.

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In conjoint analysis,________ are utility functions that describe the utility consumers attach to the levels of each attribute.

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________ is a lack of fit measure;higher values indicate poorer fits.

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