Cryptocurrency Q&A
How to calculate correlation?
How to calculate correlation?
CryptoLordGuard
Tue Dec 10 2024
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5 answers
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I'm trying to figure out how to calculate correlation. I have two sets of data and I want to understand if there's a relationship between them. Can someone explain the steps or formula to calculate correlation?
5 answers
MysterylitRapture
Thu Dec 12 2024
Standard deviation serves as a metric to quantify the dispersion or variation of data points from their mean value.
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Raffaele
Thu Dec 12 2024
Alongside computing the standard deviations, it is crucial to determine the covariance between the two variables.
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EnchantedSeeker
Thu Dec 12 2024
Covariance indicates the degree to which two variables change together, either in the same or opposite direction.
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HanjiArtistryCraftsmanshipMasterpiece
Thu Dec 12 2024
The Pearson correlation coefficient is derived by dividing the covariance by the product of the standard deviations of the two variables.
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Raffaele
Thu Dec 12 2024
Calculating the Pearson correlation begins with identifying the standard deviation for each variable involved.
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