Tag: objective of multivariate analysis

What is Multivariate Data Analysis? Data analysis is as old as data itself, however very early forms were limited due to the manual nature of analysis and later forms by computing power limitations. The explosion in data coincided with build-up of computer processing capacities and advanced data analysis techniques became accessible to governments, then organizations, and later, to anyone with a modern day personal computer. Multivariate statistics involves observation and analysis of multiple statistical variables at a time. The objective is to detect patterns and relationships between several variables simultaneously, and draw conclusions from them. The conclusions are usually in the form of establishing relationships that allow us to predict… Read More

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