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cluster analysis

Essay specific features

 

Issue:

Business

 

Written by:

Eula V

 

Date added:

December 17, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 842

 

Was viewed:

7922 times

 

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Essay content:

Objects in a cluster are similar to each other. They are also dissimilar to objects outside the cluster, particularly objects in other clusters. Clustering is the classification of similar objects into different groups, or more precisely, the partitioning of a data set into subsets (clusters), so that the data in each subset (ideally) share some common trait - often proximity according to some defined distance measure...
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Each point represents the results from one respondent. The research indicates there are four clusters in this market. Another example is the vacation travel market. Recent research has identified three clusters or market segments. They are the: 1) The demanders - they want exceptional service and expect to be pampered; 2) The escapists - they want to get away and just relax; 3) The educationalist - they want to see new things, go to museums, go on a safari, or experience new cultures...
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