Getting obsessed: A further look into multivariate analysis
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Chapter 14 in Taking the Fear Out of Data Analysis, 2023, pp 284-301 from Edward Elgar Publishing
Abstract:
This chapter discusses interdependence methods of multivariate analysis. It starts by looking at factor analysis as a method for identifying common themes among a set of variables and exploring their underlying structure. Next, it examines principal components analysis as a method for data reduction and highlighted its key differences to factor analysis. Finally, it introduced cluster analysis as a method for grouping cases and illustrates its potential uses.
Keywords: Business and Management; Economics and Finance; Research Methods (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21883_14
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