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Correlation Coefficient

Correlation Coefficient

Correlation Coefficient:

The correlation coefficient indicates the degree of linear relationship between two variables. The correlation coefficient always lies between -1 and +1. -1 indicates perfect linear negative relationship between two variables, +1 indicates perfect positive linear relationship and 0 indicates lack of any linear relationship.

The correlation coefficient (also called the Pearson correlation coefficient) is calculated as follows:

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Categorical Data Analysis
This course will teach you the analysis of contingency table data. Topics include tests for independence, comparing proportions as well as chi-square, exact methods, and treatment of ordered data. Both 2-way and 3-way tables are covered.
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This course will teach you how to model financial events that have uncertainties associated with financial events.
Regression Analysis
This course will teach you how multiple linear regression models are derived, the use software to implement them, what assumptions underlie the models, how to test whether your data meet those assumptions and what can be done when those assumptions are not met, and develop strategies for building and understanding useful models.
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