Question
test company analysing customers shopping preferences conducted the factor analysis to understand the factors determining customer shopping. In this context, see the following results (See
test company analysing customers shopping preferences conducted the factor analysis to understand the factors determining customer shopping. In this context, see the following results (See Table 1 & 2), and prepare a detailed data analysis report, also provide suitable recommendations to the test company
Table 1: Total Variance Explained | ||||||
Initial Eigenvalues | Rotation Sums of Squared Loadings | |||||
Total | % of Variance | Cumulative % | Total | % of Variance | Cumulative % | |
1 | 2.86 | 26.00% | 26.00% | 2.69 | 24.40% | 24.40% |
2 | 2.59 | 23.50% | 49.60% | 2.69 | 24.50% | 48.90% |
3 | 2.24 | 20.40% | 69.90% | 2.31 | 21.00% | 69.90% |
4 | 0.65 | 5.90% | 75.90% | |||
5 | 0.5 | 4.60% | 80.40% | |||
6 | 0.48 | 4.40% | 84.80% | |||
7 | 0.47 | 4.30% | 89.10% | |||
8 | 0.44 | 4.00% | 93.10% | |||
9 | 0.39 | 3.50% | 96.60% | |||
10 | 0.37 | 3.30% | 100.00% | |||
11 | 0.01 | 0.00% | 100.00% |
Table 2: Rotated Component Matrix | |||
Component | |||
1 | 2 | 3 | |
Convenient location | 0.96 | 0.02 | -0.02 |
Near home | 0.96 | 0.02 | -0.02 |
Easily reachable | 0.79 | 0.03 | 0 |
Savings due to no travelling involved | 0.48 | 0.01 | 0.48 |
Value for money | 0 | 0.01 | 0.81 |
Attractive promotions | -0.01 | 0.02 | 0.85 |
Low prices | -0.02 | -0.02 | 0.83 |
Easy to locate items | 0 | 0.81 | 0 |
Good service | 0.04 | 0.82 | -0.01 |
Ease of parking | 0.03 | 0.80 | 0 |
Efficient checkouts | 0.01 | 0.85 | 0.03 |
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