menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Marketing Research Study Set 5
  4. Exam
    Exam 15: Multivariate Statistical Analysis
  5. Question
    The Goal of Factor Analysis Is to Reduce a Large
Solved

The Goal of Factor Analysis Is to Reduce a Large

Question 66

Question 66

Multiple Choice

The goal of factor analysis is to reduce a large number of variables to as few dimensions or constructs as possible. This is known as:


A) prudence.
B) munificence.
C) parsimony.
D) summation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: An underlying assumption of multiple regression is

Q57: When a researcher attempts to predict a

Q58: If the regression equation is: Y =

Q59: Which of the following technique refers to

Q60: In cluster analysis, relationships are predicted by

Q61: If a researcher wishes to discover natural

Q62: Multivariate statistical methods allow us to consider

Q63: Which of the following statements regarding cluster

Q64: Partial correlation can only be applied to

Q65: In discriminant analysis, both the dependent and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines