Abstract
In canonical correlation analysis the objective is to relate a set of dependent or criterion variables to another set of independent or predictor variables. For example, we would like to establish the relationship between socioeconomic status and consumption by households. A set of characteristics determines socioeconomic status: education level, age, income, etc. Another set of variables measures consumption such as purchases of cars, luxury items, or food products.
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Gatignon, H. (2014). Canonical Correlation Analysis. In: Statistical Analysis of Management Data. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-8594-0_7
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DOI: https://doi.org/10.1007/978-1-4614-8594-0_7
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