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Covariance vs Correlation: What's the difference?
Mon Nov 6 , 2023
In statistics, covariance and correlation are two mathematical notions. Both phrases are used to describe the relationship between two variables. This blog talks about covariance vs correlation: what’s the difference? Let’s get started! Introduction Covariance and correlation are two mathematical concepts used in statistics. Both terms are used to describe how two variables relate to each other. Covariance is a measure of how two variables change together. The terms covariance vs correlation is very similar to each other in probability theory and statistics. Both terms describe the extent to which a random variable or a set of random variables can […]
