Multiple Choice
For which of the following reasons can factor analysis be used?
A) To identify underlying dimensions among a set of variables
B) To identify a smaller set of variables to replace an original set for use in subsequent multivariate analysis
C) To identify product preferences for a specific target market
D) To group people into one or more categories of a nominal, dependent variable
E) Both a and b
Correct Answer:

Verified
Correct Answer:
Verified
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