Strengths And Weaknesses Of Multivariate Analyses

The works of R.A. Fischer, S.N. Roy, and the likes on multivariate analysis in the 20th century have laid the foundation for the now popular statistical analytical approach that helps organisations in their decision making. The technique has become an invaluable tool for researchers and data scientists to interpret huge datasets.  Here, we break down the strengths and weaknesses of multivariate analysis. What is Multivariate Analysis Multivariate is a process of including multiple dependent variables in a single result. It is a set of techniques to analyse datasets with more than one variable, making multivariate analysis instrumental in solving real-world problems.  For instance, when you buy a car, you have to account for multiple factors, including features, functi