I have 3 dependent variables (DV) and 2 independent variables (IV) where 1st IV have 3 sub categories and 2nd IV have 2 sub categories. I need to compare the means.
How I can proceed?
Do I need to test interaction effect?
ANOVA is simple but not conclusive and if proceeding through t-test then separately compare. If further advise required provide details of variables.
My Dependent variables are business performance and proactiveness
whereas my 1st IV is type of firm: Private, Public and Government owned firms.
2nd IV is Industrial cluster: east zone and west zone.
You can compare the means of your dependent variables by using t-tests and conclude significant difference or the lack of significant difference.
If you have enough data, you can find correlation and regression of the type of firm and cluster and the dependent variables.
In the case of a regression, your variables will be binary (e.g.;1 private, 0 public, 0 government).
A twist, maybe the industrial cluster and the type of the firm is not entirely independent (e.g.; in a region you have mostly governmental, in another region you have mostly private firms).
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