A review of recent variable selection methods in industrial and chemometrics applications

The massive amount of data collected from industrial processes has challenged researchers and practitioners, turning variable selection into a research topic of interest both in academia and in industry. The use of redundant, irrelevant, and noisy variables tends to compromise the performance of many statistical tools, leading to unreliable inferences and costly data collection. In this paper, we present a literature review on recent variable selection methods and applications in manufacturing and in the chemometrics field. These methods are deployed into two major categories: variable selection for prediction of continuous response variables and for prediction of a categorical variable (also referred to as classification). Future research directions are also outlined.