Cryptocurrency Q&A
How to calculate correlation coefficient?
How to calculate correlation coefficient?
CosmicDream
Wed Dec 11 2024
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6
answers
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I'm trying to figure out how to calculate the correlation coefficient. I have two sets of data and I want to understand how they are related. Can someone explain the steps or provide a formula to calculate it?
6 answers
Maria
Fri Dec 13 2024
Once the covariance is calculated, the next step is to find the standard deviations of both variables.
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CryptoQueenBee
Fri Dec 13 2024
The standard deviation indicates the amount of variation or dispersion in a set of values.
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Silvia
Fri Dec 13 2024
The calculation of the correlation coefficient involves a specific mathematical process.
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CryptoQueen
Fri Dec 13 2024
This process begins by determining the covariance between the two variables.
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Lorenzo
Fri Dec 13 2024
To obtain the correlation coefficient, the covariance is divided by the product of the two standard deviations.
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