Correlation coefficient
Numerical measure of a statistical relationship between variables / From Wikipedia, the free encyclopedia
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A correlation coefficient is a numerical measure of some type of linear correlation, meaning a statistical relationship between two variables.[lower-alpha 1] The variables may be two columns of a given data set of observations, often called a sample, or two components of a multivariate random variable with a known distribution.[citation needed]
Several types of correlation coefficient exist, each with their own definition and own range of usability and characteristics. They all assume values in the range from −1 to +1, where ±1 indicates the strongest possible correlation and 0 indicates no correlation.[2] As tools of analysis, correlation coefficients present certain problems, including the propensity of some types to be distorted by outliers and the possibility of incorrectly being used to infer a causal relationship between the variables (for more, see Correlation does not imply causation).[3]