The rating scale is 1 to 7 with 1 representing "I don't like this at all" and 7 "I like this a lot." Each candy bar's average rating across judges is used as a point in a scatterplot with nine points. The scatterplot looks like the constellation Ori Continue Reading...
Business Drivers Multidimensional scaling and factor analysis are a couple of different statistical techniques that can be used to understand the drivers of a business. MDS is a technique that renders multiple data points in a relational manner -- d Continue Reading...
Multivariate Techniques There is a number of mathematical and statistical tools that businesses use to survive and thrive in their respective markets. Some of the math involved is quite simple and basic. Examples of such basic operations would inclu Continue Reading...
WidgeCorp III There a number of techniques for performing multivariate analysis. These include factor analysis, multidimensional scaling and cluster analysis. The first of these, factor analysis, is used to determine "something about the nature of t Continue Reading...
