Sunday, September 11, 2016

StatSoft Statistics Textbook - Book Information


The book is available for free access since 1995. Now Statsoft is part of Dell.

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Discriminant analysis classifies the given subjects into two categories like "likely to be successful" and "likely to be failures" based on the data that is given for each subject. The decision maker can select the subjects likely to be successful for say, investment.

Factor analysis converts the given data on various subjects into less number of variables termed as factors. The factors can be used for further data analysis.




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