What Is Correlation? | Types of Correlation | Correlation Coefficient | Statistics | Simplilearn

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In this statistics video, you will learn what correlation is. We will discuss types of correlation, some limitations, and the real-life applications of a correlation. In the end, you will also work on an example to calculate the correlations using excel.

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What is Correlation?
Correlation is a statistic that measures the degree to which two variables move in relation to each other. It measures association, but doesn't show if x causes y or vice versa—or if the association is caused by a third factor.

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