👉 Correlation is a statistical concept that describes how two variables are related or correlated. It measures the strength and direction of the relationship between two independent variables, which can be numerical, categorical, or any combination thereof. Correlation helps to understand how one variable changes in response to an increase or decrease in another variable.
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What is the definition of Correllations? 🙋
👉 In mathematics, a correllation is a mathematical relationship between two variables that can be described using a linear function. The relationship between these variables is represented by the coefficients of this linear function. The concept of correlating two variables in statistics and econometrics refers to relationships between two continuous or categorical variables. Correlation measures how strongly one variable depends on another, but it does not necessarily indicate causation. Variables can be correlated if they are highly related, but there may also be other factors that influence
