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.
Provide an advantage and a disadvantage of external selection for this position and an advantage and a disadvantage of internal selection
What is the difference between economies of scale and economies of scope? How do firms consider these when investing in processes?
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.
Are there any methods adapted for online screening? What are the legal implications for using a standardized application?
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Question: Discuss the similarities and differences between job analysis and competency models.
Using the cost driver rate determined in (a), calculate the support cost estimate for Wealth Managers and Health System during 2012.
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