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Statistics 101: Understanding Correlation
In this video, we discuss the basic concepts of another bivariate relationship; correlation. Previous videos examined covariance and in this lesson, we tie the two concepts together. Correlation comes with certain caveats and we talk about those as well. Finally, we walk through a simple example involving correlation and its interpretation. Enjoy!
My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: www.bcfoltz.com