Statistical Inference
In statistics, 'r' commonly refers to the Pearson correlation coefficient, which measures the strength and direction of a linear relationship between two variables. This value ranges from -1 to 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no correlation at all. The significance of 'r' extends into various statistical methods, reflecting relationships that help in understanding data patterns and making predictions.
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