Principal Component Analysis (PCA): Illustration with Practical Example in Minitab

Solve complex data problems easily with Multivariate Analysis at: https://vijaysabale.co/multivariate

Hello Friends,
In the last video on Multivariate Analysis, we had seen the Introduction of Multivariate analysis, some of the important concepts used in it and the introduction of various tools and techniques as a part of it.
In this video, we are going to learn the 1st tool in multivariate analysis i.e. Principal Components Analysis (PCA) in Minitab software with the help of a practical example for easy understanding and better clarity.
This video consists of the following topics:
• What is the Principal Components Analysis (PCA)?
• Data considerations for Principal Components Analysis
• Example of Principal Components Analysis
• Conduct Principal Component Analysis (PCA) in Minitab with a practical example including-
1. Number of components to compute
2. Type of Matrix: Correlation and Covariance
3. Graphs:
 Scree Plot,
 Score plot for first 2 components,
 Loading plot for first 2 components,
 Biplot for first 2 components, and
 Outlier plot
• Detailed interpretation of results from Principal Component Analysis (PCA) including:
1. Cumulative Proportion
2. Acceptable level of variance
3. The eigenvalue to determine the number of principal components
4. Detailed interpretation of:
 Scree Plot,
 Score plot for first 2 components,
 Loading plot for first 2 components,
 Biplot for first 2 components, and
 Outlier plot
• The conclusion from the analysis.
I am sure, you will be liked it.

You can also access this training by visiting our website-
https://www.learnandapply.org/

We have also updated the “Our Services” page on this website to select the most appropriate program to improve your profitability and employee engagement.

And finally, thank you for watching…

-~-~~-~~~-~~-~-
Please watch: "Design of Experiment (DOE): Introduction, Terms and Concepts with Practical Example- PART 1"
https://www.youtube.com/watch?v=aWhIlCOImXg
-~-~~-~~~-~~-~-

Видео Principal Component Analysis (PCA): Illustration with Practical Example in Minitab канала LEARN & APPLY : Lean and Six Sigma