| The projections, or linear combinations, of the p-dimensional data points are termed the canonical variates hereafter. |
| An important consequence of these three points is that the information has to be concentrated in a small number of patterns or variates. |
| With canonical correlation, if there are two negative coefficients across the two variates, that means they co-align. |
| Only the first pair of canonical variates accounted for the significant relation between the two sets of variables. |
| Hence, this study standardized all cluster variates to a mean of zero and standard deviation of one. |
| Specifically, we fit stable Paretian distributions to the residuals for some important macro-economic variates testing the null hypothesis of finite moments. |
