Correlation is one of the many statistical terms that is most often encountered in a lot of scientific cases. Generally speaking, correlation is a parameter that describes the directional relationship between two variables, whether these two variables are related or not.
- Positive (+) correlation means that the two variables tend to move in the same direction.
- Negative (-) correlation means that the two variables tend to move in the opposite direction.
Talking about the types of correlation, many of us are not aware that there are various types of correlation. Understanding the types of correlation is somewhat important in order to get valuable insights from our data. In this article, we will discuss the differences between the three types of correlations. Read more…