Mishra, SK (2009): RepresentationConstrained Canonical Correlation Analysis: A Hybridization of Canonical Correlation and Principal Component Analyses.

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Abstract
The classical canonical correlation analysis is extremely greedy to maximize the squared correlation between two sets of variables. As a result, if one of the variables in the dataset1 is very highly correlated with another variable in the dataset2, the canonical correlation will be very high irrespective of the correlation among the rest of the variables in the two datasets. We intend here to propose an alternative measure of association between two sets of variables that will not permit the greed of a select few variables in the datasets to prevail upon the fellow variables so much as to deprive the latter of contributing to their representative variables or canonical variates.
Our proposed RepresentationConstrained Canonical correlation (RCCCA) Analysis has the Classical Canonical Correlation Analysis (CCCA) at its one end (λ=0) and the Classical Principal Component Analysis (CPCA) at the other (as λ tends to be very large). In between it gives us a compromise solution. By a proper choice of λ, one can avoid hijacking of the representation issue of two datasets by a lone couple of highly correlated variables across those datasets. This advantage of the RCCCA over the CCCA deserves a serious attention by the researchers using statistical tools for data analysis.
Item Type:  MPRA Paper 

Original Title:  RepresentationConstrained Canonical Correlation Analysis: A Hybridization of Canonical Correlation and Principal Component Analyses 
Language:  English 
Keywords:  Representation; constrained; canonical; correlation; principal components; variates; global optimization; particle swarm; ordinal variables; computer program; FORTRAN 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C13  Estimation: General C  Mathematical and Quantitative Methods > C4  Econometric and Statistical Methods: Special Topics > C43  Index Numbers and Aggregation C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63  Computational Techniques ; Simulation Modeling C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61  Optimization Techniques ; Programming Models ; Dynamic Analysis C  Mathematical and Quantitative Methods > C8  Data Collection and Data Estimation Methodology ; Computer Programs > C89  Other 
Item ID:  12948 
Depositing User:  Sudhanshu Kumar Mishra 
Date Deposited:  23 Jan 2009 00:24 
Last Modified:  08 Oct 2019 01:34 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/12948 