Dimensionality reduction techniques like principal component analysis (PCA) can reduce the dimensionality of large datasets by transforming the data into a new coordinate system. The document demonstrates applying PCA to reduce the dimensions of economic trade data from multiple countries over years. PCA identifies the principal components that capture the most variance in the dataset and allows projecting the data onto a new 2D space for easier visualization and analysis.
Dimensionality reduction techniques like principal component analysis (PCA) can reduce the dimensionality of large datasets by transforming the data into a new coordinate system. The document demonstrates applying PCA to reduce the dimensions of economic trade data from multiple countries over years. PCA identifies the principal components that capture the most variance in the dataset and allows projecting the data onto a new 2D space for easier visualization and analysis.
Dimensionality reduction techniques like principal component analysis (PCA) can reduce the dimensionality of large datasets by transforming the data into a new coordinate system. The document demonstrates applying PCA to reduce the dimensions of economic trade data from multiple countries over years. PCA identifies the principal components that capture the most variance in the dataset and allows projecting the data onto a new 2D space for easier visualization and analysis.