________ is a class of procedures primarily used for data reduction and summarization.
A) Conjoint analysis
B) Factor analysis
C) Regression analysis
D) Discriminant analysis

Question

Quizplus · Accepted Answer

Factor analysis is a statistical technique used to identify patterns in the relationships between variables. It is primarily used for data reduction and summarization by identifying latent factors that explain the observed variance in a set of variables. Conjoint analysis, regression analysis, and discriminant analysis are not specifically designed for data reduction and summarization.

________ Is a Class of Procedures Primarily Used for Data