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Correlation Analysis

January 10th, 2010 | 1,349 views | No Comments

Correlation is a measure of relationship between two variables. The two variables must be numeric or scale. So basically correlation is applied on the quantitative variables.
Correlation Coefficient
Correlation Coefficient gives the mathematical value for measuring the strength of the linear relationship between two variables. It ranges from -1 to +1.
• +1 representing absolute positive linear relationship [...]