Functional Data Analysis with an Application in the Capital Structure of California Hospitals

Feng Mai; Chaojiang Wu

doi:10.1007/978-3-319-11415-6_11

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Book chapter

Functional Data Analysis with an Application in the Capital Structure of California Hospitals

Feng Mai and Chaojiang Wu

Advanced Business Analytics, pp.211-224

Springer International Publishing

12/06/2014

DOI: 10.1007/978-3-319-11415-6_11

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Abstract

This chapter introduces functional data analysis, a relatively new technique for data analysis in Business Analytics. The distinct feature of this technique is that it deals with smooth functions or processes, which generate the discretized data sample that we observe. The functional approach allows us to flexibly model system dynamics, to analyze observations with measurement errors, and to fit data with sparse observations. We illustrate the application of functional data analysis in the capital structure of California hospitals. We also point out the functional data analysis application in business research and future research directions.

Capital Structure

Equity Ratio

Functional Cluster

Functional Data Analysis

Functional Principal Component Analysis

Details

Title: Subtitle: Functional Data Analysis with an Application in the Capital Structure of California Hospitals
Creators: Feng Mai - University of Cincinnati
Chaojiang Wu - Drexel University
Contributors: Fausto Pedro García Márquez (Editor)
Benjamin Lev (Editor)
Resource Type: Book chapter
Publication Details: Advanced Business Analytics, pp.211-224
DOI: 10.1007/978-3-319-11415-6_11
Publisher: Springer International Publishing; Cham
Number of pages: 14
Language: English
Date published: 12/06/2014
Academic Unit: Center for Social Science Innovation; Business Analytics
Record Identifier: 9984701726302771

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