Electroencephalogram data used in the domain of brain–computer interfaces typically has subpar signal-to-noise ratio and data acquisition is expensive. An effective and commonly used classifier to discriminate event-related potentials is the linear discriminant analysis which, however, requires an estimate of the feature distribution. While this information is provided by the feature covariance matrix its large number of free parameters calls for regularization approaches like Ledoit–Wolf shrinkage. Assuming that the noise of event-related potential recordings is not time-locked, we propose to decouple the time component from the covariance matrix of event-related potential data in order to further improve the estimates of the covariance matrix for linear discriminant analysis. We compare three regularized variants thereof and a feature representation based on Riemannian geometry against our proposed novel linear discriminant analysis with time-decoupled covariance estimates. Extensive evaluations on 14 electroencephalogram datasets reveal, that the novel approach increases the classification performance by up to four percentage points for small training datasets, and gracefully converges to the performance of standard shrinkage-regularized LDA for large training datasets. Given these results, practitioners in this field should consider using our proposed time-decoupled covariance estimation when they apply linear discriminant analysis to classify event-related potentials, especially when few training data points are available.
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