Let’s look at what correlation means in terms of the relationship between variables. Although our focus will be on positive ...

This measure is expressed numerically by the correlation coefficient, sometimes denoted by “r” or the Greek letter rho (ρ). The values assigned to the correlation coefficients range from -1.0 ...

A correlation coefficient 1 would mean a perfect positive correlation, while -1 indicates a perfect negative correlation. A value of 0 suggests no linear relationship. This way, CORREL helps you ...