Statistical Correlation

Definition

Statistical correlation refers to the degree to which two variables are related or associated with each other. It measures the strength and direction of the relationship between variables, indicating if they increase or decrease together.

Related terms

Correlation Coefficient:

A numerical value that indicates the strength and direction of the relationship between variables.

Positive Correlation:

When an increase in one variable corresponds to an increase in another variable.

Negative Correlation:

When an increase in one variable corresponds to a decrease in another variable.