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Correlation
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Statistical measure of the degree to which the movements of two variables are related.
A Correlation coefficient is a number between -1 and 1, which measures the degree to which two variables are linearly related. If there is perfect linear relationship with positive slope between the two variables, we have a Correlation coefficient of 1; if there is positive Correlation, whenever one variable has a High (Low) value, so does the other. If there is a perfect linear relationship with negative slope between the two variables, we have a Correlation coefficient of -1; if there is negative Correlation, whenever one variable has a High (Low) value, the other has a Low (High) value. A Correlation coefficient of 0 means that there is no linear relationship between the variables.
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| Posted by
Salvo Global Pte Ltd
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