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Functional Application Of Correlation Applying R And Analyzing The Pearson and Spearman Correlation Coefficients
This article will demonstrate the practical application of correlation by comparing two separate correlation coefficients, i.e. Pearson correlation coefficient and Spearman correlation coefficient, and discern whether they will proffer the equivalent strength or deviation.
Index
· What is Correlation
· Pearson vs Spearman correlation
· Functional application of correlation applying R
· Inference
What is Correlation?
Correlation is a statistical quantity that tells us about the association connecting the two variables. It explains how one variable functions if there is some fluctuation in the other variable.
Suppose the two variables are progressing or declining in parallel. In that case, they have a confident correlation among them. If one of the variables is increasing and another one is dropping, they have a negative correlation with each other. If the development of one variable…