Perisa, Ana; Kurnoga, Natasa; Sopta, Martina - In: UTMS journal of economics / University of Tourism and … 8 (2017) 3, pp. 231-242
, thus solving the multicollinearity problem, which is one of the prerequisites for the cluster analysis. For two extracted … factors, the factor scores are calculated and used in the following cluster analysis. By implementing the cluster analysis … profitability indicators. The hierarchical and non-hierarchical cluster analyses are conducted and resulted into two clusters where …