As we go on with our daily lives, we always think of how much is our budget for the day and how we can optimize that budget to meet our day’s needs. It is all about optimization and analysis, just as the title of this blog. It would be such a great help if we have a tool that would readily tell us what is the best for us to do with our budget. And luckily, developing such app is very much possible just like how we thought of computerizing Accounting Systems was impossible several decades ago.
In the world of Numbers and Equations, all of our daily activities can be quantified and broken down into different datasets. These datasets sets usually exhibit relationships among their variables. These relationships are often linear, or at least approximately so, making them amenable to common analysis techniques. One such technique is principal component analysis (”PCA”), which rotates the original data to new coordinates, making the data as “flat” as possible.
Amazing isn’t it? Well, it simply wonderful to know that is very much possible.