In investigating the determinant(s) of vehicle sales, a sales agent claims that 11 attributes are considered important
Question:
In investigating the determinant(s) of vehicle sales, a sales agent claims that 11 attributes are considered important in the classification of vehicles. The standard scores of these attributes for different automobiles, made up of cars (the code type 0) and lorries (the code type 1), were computed and shown in the data below:
The 11 attributes or variables are: lnsales, zresale, zprice, zengine, zhorsepo, zwheelba, zwidth, zlength, zcurbwg, zfuel_ca and zmpg.
The simple size is 157 observatiobs in total .
Questions
1) List any three objectives to be achieved in this exercise by using discriminant analysis.
3) State three assumptions that need to be satisfied before applying discriminant analysis.
Expert Answer:
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
