top of page
Canonical Correlation Analysis
A way of measuring the relationships between two sets of variables, often used in studies involving multiple dependent and independent variables.
Implications
A statistical technique used to explore the relationships between two sets of variables, identifying correlations and patterns across the datasets.
Example
Example: A market researcher uses canonical correlation analysis to study the relationship between consumer demographics and their purchasing behaviors across different product categories.
Related Terms
Different from simple correlation, which examines the relationship between two variables, canonical correlation analysis looks at multiple variables in two datasets simultaneously.
Get INSTANT comprehensive market research of any industry
Chat with AII Consultant Now!
bottom of page