answersLogoWhite

0

Correlation analysis is a type of statistical analysis used to measure the strength of the relationship between two variables. It is used to determine whether there is a cause-and-effect relationship between two variables or if one of the variables is simply related to the other. It is usually expressed as a correlation coefficient a number between -1 and 1. A positive correlation coefficient means that the variables move in the same direction while a negative correlation coefficient means they move in opposite directions.

Regression analysis is a type of statistical analysis used to predict the value of one variable based on the value of another. This type of analysis is used to determine the relationship between two or more variables and to determine the direction strength and form of the relationship. Regression analysis is useful for predicting future values of the dependent variable given a set of independent variables.

  • Correlation Analysis is used to measure the strength of the relationship between two variables.
  • Regression Analysis is used to predict the value of one variable based on the value of another.
User Avatar

Albin Koepp

Lvl 9
2y ago

Still curious? Ask our experts.

Chat with our AI personalities

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin

Add your answer:

Earn +20 pts
Q: What is the difference between correlation analysis and?
Write your answer...
Submit
Still have questions?
magnify glass
imp