Question: Factor analysis and cluster analysis are complementary techniques because of all of the following reasons EXCEPT: a . Factor analysis investigates customers' early reactions to
Factor analysis and cluster analysis are complementary techniques because of all of the following reasons EXCEPT:
a Factor analysis investigates customers' early reactions to corporate ideas eg new product concepts, new advertising approaches
b A cluster analysis can group customers into segments.
c A cluster analysis uses a smaller set of factors, not the larger set of raw variables.
d A factor analysis can be used first to group variables into factors.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
