What types of statistical tests I can use on a project; there are 60 participants on the survey and there is one dependent variable and 5 independent variables.
The dependent variable is employee retention
The independent variables are Pay, Benefits, Equal Opportunity, Management and Work Environment.
Hypothesis states that Management is the greatest cause of Employee Retention; accept
otherwise reject If Management is not
The survey information must be used statistically, please advise suggestions, Thanks
Ans will be MANOVA Hypothesis test.
Explanation:
ANOVA, also known as analysis of variance, is used to compare multiple (three or more) independent variables with a single test. There are 2 major flavors of ANOVA
One-way ANOVA: One-way ANOVA: It is used to compare the difference between the three or more samples/groups of a single independent variable.
MANOVA: MANOVA allows us to test the effect of one or more independent variable on one or more dependent variables. In addition, MANOVA can also detect the difference in co-relation between dependent variables given the groups of independent variables.
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