What is Multivariate Analysis?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Multivariate analysis is a method of statistical analysis that examines multiple variables simultaneously to identify relationships. It is commonly used in the fields of economics, psychology, sociology, and other social sciences to examine complex relationships among multiple variables. Multivariate analysis allows scientists, businesses, and organizations to identify patterns and influences that help them understand and predict behaviors and trends.