We analyse 400 ks of XMM-Newton data on the active galactic nucleus NGC 1365
using principal component analysis (PCA) to identify model independent spectral
components. We find two significant components and demonstrate that they are
qualitatively different from those found in MCG?6-30-15 using the same method.
As the variability in NGC 1365 is known to be due to changes in the parameters
of a partial covering neutral absorber, this shows that the same mechanism
cannot be the driver of variability in MCG-6-30-15. By examining intervals
where the spectrum shows relatively low absorption we separate the effects of
intrinsic source variability, including signatures of relativistic reflection,
from variations in the intervening absorption. We simulate the principal
components produced by different physical variations, and show that PCA
provides a clear distinction between absorption and reflection as the drivers
of variability in AGN spectra. The simulations are shown to reproduce the PCA
spectra of both NGC 1365 and MCG-6-30-15, and further demonstrate that the
dominant cause of spectral variability in these two sources requires a
qualitatively different mechanism.Comment: 8 pages, 10 figures. Accepted for publication in MNRA