Applied Multivariate Data Analysis Questions with Verified Answers Latest 2025
8 views 0 purchase
Course
Applied Multivariate Data Analysis
Institution
Applied Multivariate Data Analysis
Applied Multivariate Data Analysis Questions with Verified Answers Latest 2025
1: What is multivariate data analysis? - correct answer -
Multivariate data analysis refers to a set of statistical techniques used to analyze data that involves multiple variables simultaneously. It aims to understa...
Applied Multivariate Data Analysis
Questions with Verified Answers Latest 2025
1: What is multivariate data analysis? - correct answer -
Multivariate data analysis refers to a set of statistical techniques used to
analyze data that involves multiple variables simultaneously. It aims to
understand relationships between variables and to model their joint
behavior.
2: What is the difference between univariate, bivariate, and multivariate
analysis? - correct answer -
Univariate analysis examines a single variable, bivariate analysis explores
the relationship between two variables, and multivariate analysis
investigates the relationships among three or more variables.
3: What are some common techniques used in multivariate data analysis? -
correct answer - Common techniques include Principal Component Analysis
(PCA), Factor Analysis, Cluster Analysis, Multivariate Analysis of Variance
(MANOVA), and Canonical Correlation Analysis.
,4: What is Principal Component Analysis (PCA)? - correct answer -
PCA is a dimensionality reduction technique that transforms a large set of
variables into a smaller set of uncorrelated variables called principal
components, which capture the most variance in the data.
5: How does Factor Analysis differ from PCA? - correct answer -
Factor Analysis aims to identify underlying latent variables that explain the
observed correlations among variables, while PCA focuses on reducing the
dimensionality of the data by transforming it into principal components.
6: What is Cluster Analysis? - correct answer -
Cluster Analysis is a technique used to group a set of objects in such a way
that objects in the same group (or cluster) are more similar to each other
than to those in other groups.
7: What is the purpose of Multivariate Analysis of Variance (MANOVA)? -
correct answer - MANOVA is used to determine if there are any statistically
significant differences between the means of multiple dependent variables
across different groups.
, 8: What is Canonical Correlation Analysis? - correct answer -
Canonical Correlation Analysis is a method used to understand the
relationships between two sets of variables by finding linear combinations
that have the highest correlation with each other.
9: Why is data standardization important in multivariate analysis? - correct
answer -
Data standardization is important because it ensures that all variables
contribute equally to the analysis, preventing variables with larger scales
from dominating the results.
10: What is the eigenvalue in the context of PCA? - correct answer -
In PCA, an eigenvalue represents the amount of variance captured by each
principal component. Higher eigenvalues indicate components that explain
more variance in the data.
11: What is the scree plot used for in PCA? - correct answer -
A scree plot is used to visualize the eigenvalues of principal components and
helps in determining the number of components to retain by identifying the
point where the eigenvalues start to level off.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PASSINGMASTER01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
