Exam 21: Multivariate Data Analysis: Analytics With Interdependence Techniques

Underlying meanings that help provide structure to common observations are referred to as ____________________.

A(n)____ is a number of observations sharing characteristics associated with some outcome of interest.

Which factor rotation technique maintains a 90-degree angle between all factors?

Discuss the purpose of interdependence techniques.List the statistical techniques that can be used for this method.

Which method provides a visual clue to where the addition of one more factor adds little additional common variance?

Which of the following is an example of an interdependence analysis method?

In a big data environment,data ____________________ is a key goal.

A mathematical way of simplifying factor results that involves a new reference axes for the data that produces more obvious patterns of loadings is ____________________.

A factor is an underlying dimension that helps understand the nature of the variables in a data set.

A scree plot graphs eigenvalues against the number of factors.

Which method is commonly used to reduce the number of variables that need to be included in a regression analysis?

Cluster analysis seeks to put observations with low distance scores into the ____________________ group.

Cluster analysis is an important tool for identifying market segments.

A number of observations sharing characteristics associated with some outcome of interest is referred to as a(n)____________________.

The first step in cluster analysis is determining how many ____________________ to analyze.

An individual respondent's scores on each individual latent factor are represented by ____ scores.

Latent constructs can be observed directly.

The purpose of ____________________ analysis is to summarize information in a large number of variables into a smaller number of factors.

Exploratory factor analysis is used when a researcher is certain about the number of factors and which variables belong in each.

The correlation between a variable and any factor is called a ____.