Independent and Dependent Relationship in Correlation
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1) Is an understanding of the dependent/independent relationship important before attempting to discern correlation?
2) Do you suppose there are many relationships in nature where there is a near perfect dependency such that correlation is near 1 or -1?
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Solution Summary
The solution examines independent and dependent relationships in correlation. The expert determines if there are many relationships in nature where there is a near perfect dependency such that the correlation is near 1 or -1.
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1) Is an understanding of the dependent / independent relationship important before attempting to discern correlation?
Correlation measure the degree of linear relationship between two variables. The correlation coefficient can be in positive or negative. If there is positive correlation coefficient than there is a positive association between the two variables that is if the value of one variable increase the other ...
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