Solved

If the Goal Is to Classify Business Travelers into Distinct

Question 5

Multiple Choice

If the goal is to classify business travelers into distinct groups based on their responses to 20 questions on preferences to mode of transportation,hotel accommodation,and ethnic food,which of the following techniques would be most appropriate?


A) multiple regression analysis
B) conjoint analysis
C) cluster analysis
D) factor analysis

Correct Answer:

verifed

Verified

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

Related Questions

Q1: There is no dependent variable in a

Q2: Multiple discriminant analysis is useful when the

Q3: If a product manager wanted to see

Q4: Which of the following is not a

Q6: In the case of multiple regression analysis,the

Q7: The type of conjoint approach used impacts

Q8: A client has a data set that

Q9: All of the following are techniques for

Q10: An analyst will always prefer that the

Q11: Which of the following would not be