Time Series Analysis
Multivariate Analysis: A Deeper DiveMultivariate analysis is a statistical technique that simultaneously analyzes multiple variables. It's particularly useful when you're dealing with complex datasets where relationships between variables are interdependent.
Common Multivariate Techniques
Factor Analysis:
Purpose: Reduces a large number of Phone Number variables into a smaller set of underlying factors.
Use Cases: Psychology, marketing, and sociology.
Software: R, SPSS, SAS, Stata.
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Cluster Analysis:
Purpose: Groups similar objects or individuals based on their characteristics.
Use Cases: Market segmentation, customer profiling, and biological classification.
Software: R, SPSS, SAS, Stata.
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