Explore BrainMass

Coefficient of correlation and coefficient of determination..

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

In your own words, describe the concept of correlation, include the coefficient of correlation (r) and the coefficient of determination (r2) in your description.

Please include an example data set in your explanation. Again, Excel and MegaStat will do all the necessary calculations.
Excel 2003: Tools > Data Analysis > Correlation
Excel 2007: Data > Data Analysis > Correlation
MegaStat: Correlation/Regression > Correlation Matrix

https://brainmass.com/statistics/correlation/coefficient-correlation-coefficient-determination-188307

Solution Preview

Correlation of correlation is a fractional number between -1 and 1 which indicates the strength of relationship between the two variables. A negative coefficient of correlation ...

Solution Summary

The concept of coefficient of correlation and coefficient of determination are described in the solution. An example data set is used in the explanation.

\$2.19