To analyse or not to analyse

The class session held today was rather entertaining. A simple flight trip was analyzed on the basis of various factors such as comfort, stoppage and price. I was to discover that I wasn't price conscious much but more distance and comfort conscious and a utility could be obtained such that the preferences of an individual could be ascertained.

.A scatter plot tends to represent data between two variables in the form of scattered dots, and where the dots would be crowded, the confluence of data there would be higher. Getting back to factor analysis, it has been found to be rather useful in dealing with large quantities of data.

A wide range of applications from psychometry to operations as well as statistical data analysis in voters preferences for a particular attribute in a candidate were found.

A scree plot essentially plots the components on the X axis and the eigen values of the cluster on the Y axis. The curve ranges from a bit abrupt to smooth . A good scree plot is one in which it drops each and every moment as one moves from the left to the right.

Card List

	Card ID	brand	Spd	Looks	RV	Miles	Pri	SFTY
1	1	Toyota	Fast	Equal	High	High	Cheap	High
2	2	Honda	Fast	Less	Low	Moderate	Expensive	High
3	3	Maruti	Very Fast	More	Moderate	Low	Cheap	High
4	4	Audi	Slow	Less	Moderate	High	Expensive	Moderate
5	5	BMW	Slow	Equal	High	Low	Affordable	Low
6	6	Mercedes	Fast	Equal	Moderate	Moderate	Affordable	Moderate
7	7	Tata	Fast	More	High	Low	Expensive	Moderate
8	8	Mercedes	Fast	More	Moderate	High	Cheap	Low
9	9	Mercedes	Slow	Less	High	Low	Expensive	High
10	10	Mercedes	Very Fast	More	High	High	Expensive	High
11	11	BMW	Fast	More	Low	High	Expensive	High
12	12	Mercedes	Medium	Less	Low	Low	Cheap	Low
13	13	Maruti	Fast	Less	High	High	Expensive	Low
14	14	BMW	Very Fast	Less	High	Moderate	Cheap	Moderate
15	15	Audi	Very Fast	Equal	Low	High	Expensive	Low
16	16	Audi	Fast	More	High	Low	Affordable	High
17	17	Honda	Slow	More	High	High	Cheap	Moderate
18	18	Audi	Medium	More	High	Moderate	Cheap	High
19	19	BMW	Medium	More	Moderate	High	Expensive	High
20	20	Tata	Very Fast	Less	Moderate	High	Affordable	High
21	21	Honda	Very Fast	More	High	High	Affordable	Low
22	22	Honda	Medium	Equal	Moderate	Low	Expensive	High
23	23	Tata	Medium	More	High	Moderate	Expensive	Low
24	24	Toyota	Slow	More	Moderate	Moderate	Expensive	Low
25	25	Maruti	Medium	Equal	High	High	Expensive	Moderate
26	26	Tata	Slow	Equal	Low	High	Cheap	High
27	27	Toyota	Medium	Less	High	High	Affordable	High
28	28	Mercedes	Slow	More	High	High	Expensive	High
29	29	Maruti	Slow	More	Low	Moderate	Affordable	High
30	30	Toyota	Very Fast	More	Low	Low	Expensive	Moderate
31	31	Mercedes	Medium	More	Low	High	Affordable	Moderate
32	32	Mercedes	Very Fast	Equal	High	Moderate	Expensive	High

I decided to use factor analysis to decide which car I would be interested in. And it turned out that I was more brand and looks conscious rather than price and mileage conscious .The above would be the orthogonal design that resulted from the factors I had chosen.

MAC LOBO

FINANCE - GROUP 1