Perform principal component analysis on the accompanying data set. a. Use the data with the covariance matrix
Question:
Perform principal component analysis on the accompanying data set.
a. Use the data with the covariance matrix to compute the seven principal components. How many principal components do you need to retain in order to account for 80% of the total variance? What are the weights for computing the first principal component scores?
b. Use the data with the correlation matrix to compute the seven principal components. How many principal components do you need to retain in order to account for 80% of the total variance? What are the weights for computing the first principal component scores?
c. Comment on the differences in the results of part a and b.
Step by Step Answer:
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen