Cluster Variables Analysis: Detailed illustration with Example in Minitab | Multivariate Analysis

Hello Friends,
In this video, we are going to learn the 7th tool of multivariate analysis, that is, "Cluster Variables Analysis" with the help of a practical example in Minitab for easy understanding and better clarity.
The Cluster Variables Analysis is used to group variables into clusters that share common characteristics. Clustering variables allows you to reduce the number of variables for analysis. Similar to Cluster observations, this analysis is also appropriate when you do not have any initial information about how to form the groups.
This video consists of the following topics:
• What is Cluster Variables Analysis?
• Data Considerations (Requirements) for Cluster Variables Analysis
• Example of Cluster Variables Analysis
• Detailed procedure to conduct Cluster Variables Analysis in Minitab
• Selection of various options while conducting Cluster Variables Analysis
• Detailed interpretation of results from session window including Similarity level, Distance level, Cluster joints, and Number of Clusters
• Detailed interpretation of results from graph window including the selection for Number of Clusters and Variables in each Cluster
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