Alternative name for correlation coefficient.
| Statistics Dictionary: coefficient of correlation |
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| Marketing Dictionary: coefficient of correlation |
Statistical measure of the relationship between two variables-that is, the extent to which one variable is affected by a change in another variable. The correlation coefficient indicates both the magnitude and the direction of that relationship. It ranges from + 1.0 to - 1.0. A perfect positive relationship is indicated by + 1.0, and a perfect inverse relationship by - 1.0; 0 means there is no relationship. See also coefficient of determination; correlation analysis.
| Pearson's correlation coefficient | |
| product-moment correlation coefficient | |
| spurious correlation (statistics) |
| Correlation coefficient is the measure of? Read answer... | |
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| What is Correlation coefficients? | |
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| When to use correlation coefficient? |
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