Correlation analysis deals with the association or co-variation between two or more variables that help to determine the relationship between two or more variables. But Correlation does not indicate a cause and effect relationship between two variables. It explains co-variation.
Nickzom makes use of Karl Pearson's Coefficient of Correlation to determine the r (coefficient of correlation) between two variables.
In the operation, Nickzom also determines:
Probable Error of r
Standard Error of r
Coefficient of Determination
Coefficient of Non Determination
You can check out this amazing mini web app by clicking on statistics where you will be directed to perform the operation depending on whether your set of data is discrete or continuous.
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