What are Correlation Coefficients?
Correlation coefficients measure the strength of the relationship between two variables. A correlation between variables indicates that as one variable changes in value, the other variable tends to change in a specific direction. ย Understanding that relationship is useful because we can use the value of one variable to predict the value of the other variable. For example, height and weight are correlatedโas height increases, weight also tends to increase. Consequently, if we observe an individual who is unusually tall, we can predict that his weight is also above the average. [Read more…] about Interpreting Correlation Coefficients