What is correlation? explain the relationship between simple, partial,and multifold correlation coefficients?
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Correlation is the interdependence of variable quantity.
1.) Simple correlation is the measure of extent to which two variables vary together.
It is the measure of association between two variables.
2.) Partial correlation is the measure of the magnitude and direction of a linear relationship between two continuous variables while mastering the effect of one or more other continuous variables.
3.) Multiple correlation is the measure of how well a given variable can be predicted using a linear function of a set of other variables.
Calculation of partial coefficient is based on simple coefficient.
Partial coefficient is more or less the same as multiple coefficient.
From the information above we get the correct relationship between the three.
1.) Simple correlation is the measure of extent to which two variables vary together.
It is the measure of association between two variables.
2.) Partial correlation is the measure of the magnitude and direction of a linear relationship between two continuous variables while mastering the effect of one or more other continuous variables.
3.) Multiple correlation is the measure of how well a given variable can be predicted using a linear function of a set of other variables.
Calculation of partial coefficient is based on simple coefficient.
Partial coefficient is more or less the same as multiple coefficient.
From the information above we get the correct relationship between the three.
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