From the given observations {Xti} we study inference on the components and on their required number L. A detailed asymptotic theory is presented.
The method is applied in the analysis of yearly cross sectional samples of British households. Interpretation of the estimated principal components, and their scores give new insights into the evolution and interplay of household income and age distributions 1968-1988. From estimating their required numbers L we draw conclusions on the dimensionality of mixture models for describing the densities.
Keywords: k-sample problem, nonparameteric density estimation, kernel smoothing,
functional principal components, density prediction, FES-data, incomedensity
evolution.
JEL-Classification-Number: C13, C14, C21
Creation-Date: June 1999
Unfortunately this paper is not available online. Please contact us to order a hardcopy.
22.06.1999, Webmaster