I’m stuck on a Statistics question and need an explanation.
- Use k-means methodology, form three (3) clusters for Connecticut zip Codes based on the income distribution of the household.For each Zip Code, use the percentage of tax filings (number of filings /total filings) in each “Adjusted Gross Income†category. Repeat the above analysis for the state of Alabama and compare the two states’ clusters (cluster centers) (50 points).
- Consider the following survey of two car brands:
|
Brand |
Body Type |
Price |
Rating |
|
Toyota |
Sedan |
25000 |
7 |
|
Toyota |
Sedan |
30000 |
6 |
|
Toyota |
SUV |
25000 |
6 |
|
Toyota |
SUV |
30000 |
4 |
|
VW |
Sedan |
25000 |
9 |
|
VW |
Sedan |
30000 |
8 |
|
VW |
SUV |
25000 |
9 |
|
VW |
SUV |
30000 |
7 |
Perform the following analysis:
- Tradeoff between price for Toyota-SUV and VW-SUV
- Market share forecast for:
- Toyota- Sedan- 25000
- Toyota-SUV-25000
- VW-Sedan- 25000
- VW-SUV- 25000
- Attribute importance
Assignment about k-means clustering and conjoint analysis with the help of SAS
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