Correlation Coefficients
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As the value of the correlation coefficient increases from 0 to 1, or decreases from 0 to -1, how do the points of the scatter plot fit the regression line?
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Solution Summary
This solution provides a description regarding the values of correlation coefficients.
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The correlation is perfect if all the points lie on the line, i.e., if the sum of squares of errors is exactly zero. A coefficient of correlation ...
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