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Correlation Analysis 3 Unit

1 sem

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Chandu Mhaiske
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20 views1 page

Correlation Analysis 3 Unit

1 sem

Uploaded by

Chandu Mhaiske
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Correlation Analysis : - Correlation analysis is a Regression analysis ;- Regression analysis is a

statistical technique employed to investigate the powerful statistical method that allows you to
magnitude and significance of such relationships examine the relationship between two or more
variables of interest. While there are many types of
Rank Correlation coefficient ;- •A rank correlation
regression analysis, at their core they all examine
coefficient measures the degree of similarity
the influence of one or more independent variables
between two rankings, and can be used to assess
on a dependent variable.
the significance of the relation between them. For
example, two common nonparametric methods of Relationship between Regression and Correlation
significance that use rank correlation are the ;- 'Correlation' as the name says it determines the
Mann– Whitney U test and the Wilcoxon signed- interconnection or a co-relationship between the
rank test variables. 'Regression' explains how an
independent variable is numerically associated
Correlation Coefficient Properties ;- 1) Correlation
with the dependent variable. In Correlation, both
coefficient remains in the same measurement as in
the independent and dependent values have no
which the two variables are. 2) The sign which
difference.
correlations of coefficient have will always be the
same as the variance. 3) The numerical value of Properties of Regression Coefficients ;- • The
correlation of coefficient will be in between -1 to + correlation coefficient is the geometric mean of the
1. It is known as real number value. 4) The negative two regression coefficients. • Regression
value of coefficient suggests that the correlation is coefficients are independent of change of origin
strong and negative. And if ‘r’ goes on approaching but not of scale. • If one regression coefficient is
toward -1 then it means that the relationship is greater than unit, then the other must be less than
going towards the negative side. When ‘r’ unit but not vice versa.
approaches to the side of + 1 then it means the
relationship is strong and positive. By this we can
say that if +1 is the result of the correlation then
the relationship is in a positive state. 5) The weak
correlation is signaled when the coefficient of
correlation approaches to zero. When ‘r’ is near
about zero then we can deduce that the
relationship is weak. 6) Correlation coefficient can
be very dicey because we cannot say that the
participants are truthful or not

Regression Analysis ;- • Regression Analysis: Fitting


of a Regression Line and Interpretation of Results,
Properties of Regression Coefficients and
Relationship between Regression and Correlation.

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