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Correlation is just Covariance put on a standardized scale from -1.0 to 1.0.
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Covariance measures how two variables move together.
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These are our basic tools for finding the "center" of our data.
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Variance tells us how "spread out" our data is.
Explore courses and concepts related to Ch-3-Statistics.
Correlation is just Covariance put on a standardized scale from -1.0 to 1.0.
Covariance measures how two variables move together.
These are our basic tools for finding the "center" of our data.
Variance tells us how "spread out" our data is.