Correlations

Definition

Correlations refer to the statistical relationship between two or more variables. It measures how closely these variables are related to each other, ranging from -1 (perfect negative correlation) to 1 (perfect positive correlation).

Related terms

Scatterplot: A scatterplot is a graph that displays the relationship between two variables by plotting their values on a Cartesian plane. It helps visualize correlations.

Pearson's Correlation Coefficient: This coefficient quantifies the strength and direction of the linear relationship between two variables. It ranges from -1 to 1.

Causation: While correlations show a relationship between variables, causation refers to one variable directly causing changes in another variable.