what is a quantitative variable that would have a positive correlation with credit scores? That is, people who tend to have higher credit scores also tend to have higher values of your selected variable.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
what is a quantitative variable that would have a
Correlation between two variables measure the strength and direction between two variables. It measures the linear relationship between the two variables. The correlation coefficient r can take values between –1 to 1, inclusively.
A value of r close to 1 implies that there is strong positive correlation between the pair of random variables, a value of r close to –1 implies that there is strong negative correlation between the pair of random variables, and a value of r close to 0 implies that there is no correlation.
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