In order to group the observations of a data set into a given number of clusters, an ‘optimal’ subset out of a greater number of explanatory variables is to be selected. The problem is approached by maximizing a quality measure under certain restrictions that are supposed to keep the subset...

We investigate the combination of the dimension reduction methods SIR (Li, 1991) and DAME (Gather et al., 2001) with fuzzy-clustering to validate a given classification. We consider certain economic variables which are assumed to contain the information relevant to determine the current phase of...