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Business Analytics · End Term · 11 Dec 2022 · September 2022 term · Set ETD1

Question 6: The object of the conjoint analysis problem will be _?

Question 6

+1 markOne correct option

The object of the conjoint analysis problem will be _______?

  1. A

    Minimize the squared distance between the attribute combination for the ideal product and the customer preferences

  2. B

    Minimize the squared distance between the attribute combination for the ideal product and the attribute combination for each possible variant chosen by the customers

  3. C

    Minimize the distance between the possible customer preferences

  4. D

    Minimize the distance between the attribute combination for the ideal product and the customer preferences

Show answer

Correct answer

  • B

    Minimize the squared distance between the attribute combination for the ideal product and the attribute combination for each possible variant chosen by the customers

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Question 6 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 11 Dec 2022, in the September 2022 term (IIT M DIPLOMA AN1 EXAM ETD1 11 Dec 2022). It carries 1 mark.

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