Correlation Essential terms you should know.

Correlation A Term You Need to Know

Correlation is a statistical measure of the relationship between two or more variables, represented as a value between -1 and 1. A positive correlation indicates that as one variable increases, the other variable also increases, while a negative correlation indicates that as one variable increases, the other decreases. A value of -1 indicates a perfect negative correlation, while a value of 1 indicates a perfect positive correlation, and a value of 0 indicates no correlation. Correlation is used to determine whether there is a relationship between two variables, and it is an important concept in many areas of science and research, including economics, psychology, and social sciences.

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