Exam 21: Multidimensional Scaling and Conjoint Analysis

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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 interpretation of results in correspondence analysis is similar to that in principal components analysis.

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When constructing conjoint analysis stimuli, it is necessary to evaluate all possible combinations of levels of the attributes.

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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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If you are determining if you should have respondents rank or rate nonmetric or metric data, you are at which step of conducting conjoint analysis?

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In conjoint analysis, ________ indicate which attributes are important in influencing consumer choice.

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In which approach to collecting perception data are respondents often required to rate all possible pairs of brands or stimuli in terms of similarity on a Likert scale?

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In (the)________ for constructing conjoint analysis stimuli, respondents evaluate two attributes at a time until all the possible pairs of attributes have been evaluated.

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Which is a disadvantage of the direct approach to collecting perception data?

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The basic conjoint analysis model expressing the fundamental relationship between attributes and utility in conjoint analysis is shown below: The basic conjoint analysis model expressing the fundamental relationship between attributes and utility in conjoint analysis is shown below:    What does ki<sub> </sub>represent? What does ki represent?

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