Limitations of Correspondence Analysis
- Consistency in Data: The analysis requires consistent and reliable data, and the interpretation can be heavily influenced by the quality of the input data.
- Influence of Outliers: Outliers in the data can distort the analysis and affect the interpretation of relationships between variables.
- Selective Scaling: The scaling of coordinates on the maps can be selective, potentially leading to misinterpretation of the relationships between categories.
- Statistical Significance: The results may lack statistical significance, especially with small sample sizes, which can limit the reliability of the findings.
What is Correspondence Analysis?
In the era of big data, businesses and researchers are constantly seeking effective methods to analyze and extract meaningful insights from complex datasets. Traditional statistical techniques may not always suffice, especially when dealing with high-dimensional and categorical data.
In such scenarios, Correspondence Analysis emerges as a powerful tool for exploring the relationships between categorical variables and revealing hidden patterns within the data. It is widely used to extract meaningful insights from complex datasets.
In this tutorial, We will provide a comprehensive understanding of this technique, highlighting its principles, applications, and limitations.
Table of Content
- What is Correspondence Analysis?
- Applications of Correspondence Analysis
- How does Correspondence Analysis Work?
- Step 1: Data Collection
- Step 2: Preparing the Data for Analysis
- Step 3: Contingency Table Construction
- Step 4: Visualize and Interpret the Results
- Advantages of Correspondence Analysis
- Limitations of Correspondence Analysis
- Alternative Techniques to Correspondence Analysis
- Multiple Correspondence Analysis (MCA)