12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Factor analysis is a statistical technique used to examine the structure of a data set. It is used to reduce the variables in a data set by grouping similar variables together to create a single variable called a factor. This allows for a better understanding of the relationships between variables. It can also be used to determine which variables contribute most to a particular outcome.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Logistic regression is a type of statistical modeling used to predict a binary output of an event. It is commonly used in areas such as disease risk prediction, customer satisfaction, and advertising. It is a type of regression analysis that predicts a binary outcome from a set of variables. It is typically used to determine whether or not an event will occur based on a number of influencing factors.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A panel study is a method of empirical social research in which the same group of people is interviewed several times over a period of time. With a panel study, researchers can observe how certain people and their attitudes and behaviors change over time.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A survey is a research method used to collect data from a specific group of people in order to gain insights, opinions, and facts about a particular topic or issue. Surveys are typically administered online, by mail, or in person.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Opinion research is a form of empirical social research used to investigate opinions, attitudes and behaviors of people or groups. Various methods are used for this purpose, such as surveys, interviews, group discussions and observations. Opinion research is often used in advertising, politics and business research to gain a better understanding of target groups and make better decisions.