Category stastics of management

Statistics for Management : Write a report to your manager highlighting the importance of market research and the importance of multivariate statistics

Question one

Write a report to your manager highlighting the importance of market research and the importance of multivariate statistics. Furthermore, discuss a number of different multivariate techniques (3 techniques only), highlighting how these techniques can influence the overall operations for the company; provide examples from different industries to support your argument.

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Question two

Fully discuss the different stages of the Factor Analysis technique, provide examples to support your answer. Furthermore, discuss the main differences between principal components analysis and common factor analysis.

Question three

Describe and illustrate, with examples, the differences between nominal, ordinal, interval and ratio scales...

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