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Earn +20 ptsQ: Properties of correlation cofficient
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What are the properties of correlation coefficient?
The correlation coefficient is symmetrical with respect to X and Y i.e.The correlation coefficient is the geometric mean of the two regression coefficients. or .The correlation coefficient lies between -1 and 1. i.e. .
Is 0.5 the strongest correlation coefficient?
No. The strongest correlation coefficient is +1 (positive correlation) and -1 (negative correlation).
Are negative correlation and reverse correlation same?
No.
Does the units affect the correlation?
No. The units of the two variables in a correlation will not change the value of the correlation coefficient.
What type of correlation do you have when are is equal to one?
A correlation coefficient of 1 (r=1) is a perfect positive correlation.
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