Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Conduct principal component analysis on all variables except the Name variable. Should you standardize the data? Explain. 2. What percentage of total variability is accounted

1.Conduct principal component analysis on all variables except the Name variable. Should you standardize the data? Explain. 2. What percentage of total variability is accounted for by the first principal component? How many principal components must be retained in order to account for at least 80% of the total variance in the data? 3. Which original variables are given the highest weight to compute the first principal component? Which original variable is given the highest weight to compute the second principal component? 4. What is the principal component 1 score for the first record (3M)?

image text in transcribed

Principal Components Explained Variance Principal Components Explained Variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principles

Authors: Howard F. Stettler

3rd Edition

0130521183, 9780130521187

More Books

Students also viewed these Accounting questions

Question

Carry out an interview and review its success.

Answered: 1 week ago