मराठी

Can a simple correlation coefficient measure any type of relationship? - Economics

Advertisements
Advertisements

प्रश्न

Can a simple correlation coefficient measure any type of relationship? 

टीपा लिहा

उत्तर

No, the simple correlation coefficient cannot measure any type of relationship. The simple correlation coefficient can measure only the direction and magnitude of the linear relationship between the two variables. It cannot measure non-linear relationships like quadratic, trigonometric, cubic, etc. Therefore, in such cases, the purview of the simple correlation coefficient falls short. For example, the simple correlation coefficient may depict that X and Y are not correlated in the equation X = Y2, hence it may be concluded that both the variables are independent, but such a conclusion may be wrong.

shaalaa.com
Types of Correlation
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Correlation - Exercise [पृष्ठ १०५]

APPEARS IN

एनसीईआरटी Statistics for Economics [English]
पाठ 7 Correlation
Exercise | Q 12. | पृष्ठ १०५
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×