Data reduction, Applied Statistics

Assignment Help:

The PCA is amongst the oldest of the multivariate statistical methods of data reduction. It is a technique for simplifying a dataset, by reducing multidimensional datasets to lower dimensions for analysis. It produces a small number of derived variables that are uncorrelated and that account for most of the variation in the original data set.'By reducing the number of variables'in this way, we can understand the underlying structure of the data. 'The derived variables are combinations of the original variables. For example, it might be that students take I0 examinations and some students do well in one examination while other students do better in another. It is difficult to compare one student with another when we have 10 marks to consider. One obvious way of comparing students is to calculate the mean score.

This is a constructed combination of the existing variables. However, one might get a more useful comparison of overall performances by considering other constructed cwbinations of the 10 exam marks. The PCA is one way of constructing such combinations, doing so in such a way as to account fer the maximum possible variation in the original data. We can then compare students' performance by considering this much smaller number of variables.

PCA states and then solves a well-defined statistical problem, and except for special cases always gives a unique solution wi.th some very nice mathematical properties. We can even describe some very artificial practical problems for which PCA provides the exact solution. The difficulty comes in trying to relate PCA to real-life scientific problems; the match is simply not very good. Actually PCA often provides a good approximation to common factor analysis, but that feature is now unimportant since both methods are now easy enough.


Related Discussions:- Data reduction

Probability theory, Origin and Development of probability Theory: The c...

Origin and Development of probability Theory: The credit for origin and development of probability goes to the European gamblers of 17 th century. They  used to gamble  on gam

Types of cost-reimbursable contracts, Types of cost-reimbursable contracts ...

Types of cost-reimbursable contracts are:   Cost Plus Fixed Fee contract (CPPF): Compensation is based on a fixed sum independent of the final project cost. The customer a

Correlation, Definition of Correlation According  to prof, king correla...

Definition of Correlation According  to prof, king correlation means that between two series or group  of data  there  exists  some casual connection  prof, king  has also  exp

Quantitative Business Analysis, Motion Picture Industry (95 Points) The m...

Motion Picture Industry (95 Points) The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and t

Markov Chain, Each weekend, Derek either reads a book (B), goes to the cine...

Each weekend, Derek either reads a book (B), goes to the cinema (C), visits his local museum (M), or plays squash (S). If he reads a book one weekend, then he will take part in one

Active control equivalence studies (aces), Active Control Equivalence Studi...

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

What is the probability that they all hit the target, QUESTION ONE. (a) ...

QUESTION ONE. (a) The probability that, a bomber hits a target on a bombing mission is 0.70 Three bombers are sent to bomb a particular target. (i) What is the probability

Transformation of data, PCA is a linear transformation that transforms the ...

PCA is a linear transformation that transforms the data to a new coordinate system such that the greatest variance by any projection of the data comes to lie on the first coordinat

Continuous frequency distribution, Formation of Continuous Frequency Distri...

Formation of Continuous Frequency Distribution:    Continuous frequency distribution is most popular in practice. With reference to the formation of this type of frequency distr

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd