APPLICATION OF CANONICAL APPROACH FOR EVALUATING INDIAN DOMESTIC AIR TRANSPORTATION SYSTEM

Abstract

Increasing public awareness of Transportation expenditure, have encouraged interest in evaluation and the methods that are available to allocate priorities between competing projects. Indian Domestic Air Transportation has gone up by leaps and bound beyond all imagination, expectations and forecasts. India's Domestic Air Transportation industry has just undergone to turbulent adjustments in recent history. For the evaluation of Domestic Air Transportation several variables are required and those variables are interrelated. Canonical Correlation Analysis deals with the variable sets, predictor set and criterion set. The objective is to find linear combinations of each set which are maximally correlated. The interrelationships between two sets of measurements on the same subjects can be studied by using this methodology and also used to investigate the type of interactions between the two sides of the balance sheet in transportation system. In this study in all 8 predictor variables and 5 criterion variables giving the two sides of balance sheet of Indian Airlines have been analysed to yield five canonical vectors. The interpretation of results and the interrelationship between predictors and criterion of each canonical variable are also given. iii