What is Cluster Analysis?
Cluster analysis is a statistical approach that classifies items into mutually exclusive groups (clusters) so that members of each group are as similar to one another as possible while remaining as distinct as possible from members of other groups.
Real Life Applications of Cluster Analysis
Picture yourself arranging your socks. You’re not just putting them away; you’re sorting them by colour. Why? Because it makes finding a pair easier with a glance. Now, think of cluster analysis as this sock sorting method, but for data. It’s a clever technique that groups similar things without any preconceived notions. This allows us to identify trends that might otherwise go unnoticed. It’s a versatile tool utilized across various fields like marketing, biology, and social sciences to organize similar items effectively.