Correlation and Regression.pptVIP

Correlation and Regression Product Moment Correlation The product moment correlation, r, summarizes the strength of association between two metric (interval or ratio scaled) variables, say X and Y. It is an index used to determine whether a linear or straight-line relationship exists between X and Y. As it was originally proposed by Karl Pearson, it is also known as the Pearson correlation coefficient. It is also referred to as simple correlation, bivariate correlation, or merely the correlation coefficient. Product Moment Correlation r varies between -1.0 and +1.0. The correlation c