Multidimensional scaling and cluster analysis
Problem: Provide at least 1 example of how a real company has used each of the following multivariate techniques: factor analysis, multidimensional scaling, and cluster analysis. In addition to providing examples, define each of these techniques.
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Note: I am an adult continuous learner. I started to learn EVM at work; however, I am hitting a wall with the EVM problems I am posting. Since I am a visual learner and learn by example, I need the following completed.
Often when people use regression analysis to estimate the effect of police officers or police spending on crime, they find that cities with larger police forces/budgets have higher crime rates.
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Provide at least 1 example of how a real company has used each of the following multivariate techniques: factor analysis, multidimensional scaling, and cluster analysis. In addition to providing examples, define each of these techniques.
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