Question: 5 What type of multivariate method do you recommend in each of the following cases and why? a You want to develop an estimating equation

5 What type of multivariate method do you recommend in each of the following cases and why?

a You want to develop an estimating equation that will be used to predict which applicants will come to your university as students.

b You would like to predict family income using such variables as education and stage in family life cycle.

c You wish to estimate standard labor costs for manufacturing a new dress design.

d You have been studying a group of successful salespeople.

You have given them a number of psychological tests. You want to bring meaning out of these test results.

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