The statement " Cluster analysis using location quotients and/or employment multipliers provides a snapshot of employment at a point in time but does not provide a forecast of future employment in a specific industry " is TRUE.
Step-by-step explanation:
Cluster analysis is a method to organize a set of events in such a way that they are closer to one another (in some sense) than to certain other category(s) (clusters) within the same organize (called a cluster).
The goal of the cluster analysis is to aggregate entities or clusters that the data indicates are not pre-defined such that objects in a single cluster appear, in certain ways, to be identical to each other and objects in different clusters appear to be differential.