Correlation analysis
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- Опубликовано: 10 янв 2021
- With the help of correlation analysis, the linear relationship between variables can be examined. The strength of the correlation is determined by the correlation coefficient, which varies from -1 to +1. This means that correlation analyses can be used to make a statement about the strength and direction of the relationship between two variables.
Interpret correlation
Positive correlation
A positive correlation exists when larger values of variable A are accompanied by larger values of variable B. Body size and shoe size, for example, correlate positively, resulting in a correlation coefficient that lies between 0 and 1, i.e. a positive value.
Negative correlation
A negative correlation exists when larger values of variable A are accompanied by smaller values of variable B. The product price and the sales volume usually have a negative correlation; the more expensive a product is, the lower the sales volume. In this case, the correlation coefficient lies between -1 and 0, i.e. it takes on a negative value.
More information on correlation analysis:
datatab.net/tutorial/correlation
And here is the online correlation calculator:
datatab.net/statistics-calcul...
If you like, please find our e-Book here: datatab.net/statistics-book 😎
WOW. Data tab site is so, so awesome. I am learning statistics now, and these videos are super useful. Just let them keep coming !!!!
This is a really great site. Thank you for taking the time to put this together and sharing with us.
Our pleasure!
Thanks for your explanation!
Thank you soooooooooooo much , it is really sooooooooooooo helpful
Thank you so much .....really helpful video
Very well explained!
Very useful information. Thank you!
Glad it was helpful! Regards, Hannah
Thank youuuu! Amazing!
Glad you like it! Regards Hannah!!!
excellent explanation. Thank you so much
Glad it was helpful!
Excellent voice
❤ thanks
Thank You ... GOOD JOB :)
Thanks for the Feedback: ) regards hannah
Thank you 💓😊😊😊😊😊
You're welcome 😊
Is it the Pearson correlation or the Spearman correlation that is used for variables with an ordinal scale level?
Spearman
Nice class 👏
Thank you! 😃
New sub and lovely voice❤
: ) many thanks : )
Mam can you arrange test for a correlation chapter..as soon as possible...
I will try!
Is it necessary to have the same number of observations for every variable to find the correlation?
Yes, there needs to be the same number of x and y terms for any calculations to be completed. You need to extrapolate (assume) values for the points you are missing, usually using a mean value will do fine.
Saying to pay for that
🙂
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