Correlation Coefficient

This video explains how to find the correlation coefficient which describes the strength of the linear relationship between two variables x and y.
Correlation Coefficient: • Correlation Coefficient
Covariance and Correlation Coefficient:
• How To Calculate The C...
How To Calculate Covariance:
• How To Calculate The C...
Least Squares Method:
• Linear Regression Usin...
Averages and Uncertainty:
• Averages and Uncertain...
_____________________________
Introduction to Statistics:
• Introduction to Statis...
Mean, Median, Mode, & Range:
• Mean, Median, Mode, an...
Arithmetic, Geometric, & Harmonic Mean:
• Arithmetic Mean, Geome...
Interquartile Range & Outliers:
• How To Find The Interq...
Standard Deviation:
• How To Calculate The S...
_______________________________
Introduction to Probability:
• Introduction to Probab...
Probability Formulas:
• Probability Formulas, ...
Conditional Probability:
• Conditional Probabilit...
Probability Tree Diagrams:
• Probability Tree Diagrams
Probability - Standard Normal Distributions:
• Standard Normal Distri...

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Great demo, very clear, and good use of the "blackboard". I like that you set the scaffold first of what you're aiming for before getting into the weeds of how to calculate the coefficient. I'd like to see this followed by an explanation as to how the formula is constructed (i.e. the logic of what the 'r' measures) and how to interpret the 'r' in more than just that it's positive or negative and highly or not so much. i.e. is there an agreed interpretation of when "highly correlated" turns to "lightly correlated" to "tending to uncorrelated" to "uncorrelated" .

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