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Correlation is a statistical measure that expresses the extent to which two variables are
linearly related (meaning they change together at a constant rate). If two variables move in
same direction it is known as positively correlated. If they move in opposite directions, then
they have a negative correlation.
TYPE’S OF CORRELATION:
1. Pearson correlation.
2. Kendall rank correlation.
3. Spearman correlation.
4. Point-Biserial correlation
PEARSON CORRELATION
The Pearson correlation measures the strength of the linear relationship between two
variables. It has a value between -1 to 1, with a value of -1 meaning a total negative linear
correlation, 0 being no correlation, and + 1 meaning a total positive correlation
SPEARMAN CORRELATION:
The Spearman's Rank Correlation Coefficient is the non-parametric statistical measure used
to study the strength of association between the two ranked variables. This method is applied
to the ordinal set of numbers, which can be arranged in order, i.e. one after the other so that
ranks can be given to each.