What is multivariate analysis?

Multivariate analysis refers to a statistical method that analyzes the relationships between multiple variables in a dataset. Unlike univariate analysis, which focuses on one variable at a time, multivariate analysis studies the simultaneous effects of two or more variables on a particular outcome. This approach helps researchers gain a deeper understanding of the complex interactions and patterns that exist between variables, enabling them to make more accurate predictions and draw meaningful conclusions. Multivariate analysis techniques include regression analysis, factor analysis, cluster analysis, and principal component analysis, among others. By examining multiple variables collectively, multivariate analysis provides a comprehensive and holistic perspective on data, facilitating better decision-making in various fields such as social sciences, business, and health research.

This mind map was published on 26 October 2023 and has been viewed 142 times.