A correlation coefficient is a measure of the energy and route of a linear relationship between two variables. It could possibly vary from -1 to 1, with a price of 0 indicating no correlation, a price of 1 indicating an ideal constructive correlation, and a price of -1 indicating an ideal adverse correlation.
The correlation coefficient can be utilized to find out whether or not there’s a statistically vital relationship between two variables. A statistically vital relationship implies that the connection is unlikely to have occurred by probability.
