Name any two tools to study correlation.
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Explanation:
The correlation tool calculates the pairwise Pearson correlation coefficients of the given variables.
Usually, in statistics, we measure four types of correlations: Pearson correlation, Kendall rank correlation, Spearman correlation, and the Point-Biserial correlation. The software below allows you to very easily conduct a correlation.
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The tools are scatter diagram and Spearman's Rank Coefficient.
- The diagram approach represents a fundamental depiction for determining the correlation among the dual variables.
- The independent variables are typically displayed along the X and Y axes on a graph, and the consistent pattern accurately reflects the link.
- Karl coefficient is a widely used approach for correctly determining the proper degree of the link among linearly linked variables implementing a numerical representation.
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