Multivariate Analysis :
Multivariate analysis is a statistical method that is used to analyze data that involves more than one variable. This is in contrast to univariate analysis, which only involves a single variable. Multivariate analysis allows researchers to investigate the relationships between multiple variables and determine how these variables are related to each other.
One example of multivariate analysis is multiple regression analysis. This is a statistical method that is used to investigate the relationship between a dependent variable and two or more independent variables. For instance, a researcher might use multiple regression analysis to investigate the relationship between a person’s income, education level, and age on their likelihood of owning a home. The multiple regression model would allow the researcher to determine the unique contribution of each variable to the dependent variable and determine how they are related to each other.
Another example of multivariate analysis is factor analysis. This is a statistical method that is used to identify the underlying structure of a set of observed variables. For instance, a researcher might use factor analysis to investigate the relationship between a person’s health habits, such as exercise frequency and diet, on their overall health. The factor analysis would allow the researcher to identify the underlying factors that are related to health, such as exercise and diet, and determine how these factors are related to each other.
In conclusion, multivariate analysis is a powerful statistical method that is used to investigate the relationships between multiple variables. This method allows researchers to gain a deeper understanding of the data and identify the underlying structure of the variables.