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bomba923
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Now how exactly did Pearson derive his correlation coefficient?
gimmytang said:Is it simply a definition which reflects the linear relationship between two variables?
Pearson Correlation Coefficient, also known as Pearson's r, is a statistical measure that quantifies the strength and direction of the linear relationship between two continuous variables. It ranges from -1 to +1, where -1 indicates a perfect negative correlation, 0 indicates no correlation, and +1 indicates a perfect positive correlation.
Karl Pearson, a British mathematician and statistician, is credited with developing the Pearson Correlation Coefficient in the late 19th century. He derived this measure as a way to assess the relationship between two continuous variables in a bivariate data set.
Pearson derived the correlation coefficient by using the concept of covariance, which measures how two variables change together, and standard deviation, which measures the spread of data from the mean. He then divided the covariance by the product of the two variables' standard deviations to get the correlation coefficient.
Pearson Correlation Coefficient is commonly used in research to determine the strength and direction of the relationship between two continuous variables. It helps researchers identify patterns and trends in data and can be used to make predictions about future outcomes. Additionally, it is useful in determining the validity and reliability of data in a study.
Yes, there are some limitations of Pearson Correlation Coefficient. It can only measure linear relationships between variables, meaning that it may not accurately reflect the relationship if the data follows a non-linear pattern. Additionally, it can be influenced by outliers in the data, and it does not account for other factors that may be affecting the relationship between the variables.