The Correlation Coefficient - Explained in Three Steps
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YouTubeBenedict
The Correlation Coefficient - Explained in Three Steps
The correlation coefficient is a really popular way of summarizing a scatter plot into a single number between -1 and 1. In this video, I'm giving an intuition how the correlation coefficient does this, without going into formulas. If you need to calculate the correlation coefficient for some data, you can find the formula here: https://en ...
889K viewsMay 1, 2014
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Arjun Gupta | The Knight of Steel on Instagram: "Scroll down if you want the answer to the question at the end! Linear regression is a powerful statistical analysis tool! Tagging the wonderful @akcasuallycruel for letting me remix this with her! . . . #psychologyindia #psychmajor #statistics #regression #knightofsteel A beta = 0.904 mean that for 1SD increase in X there is a corresponding increase of 0.904SDs in Y. Although we cannot establish causal relationships simply through a regression"
0:20
Arjun Gupta | The Knight of Steel on Instagram: "Scroll down if you want the answer to the question at the end! Linear regression is a powerful statistical analysis tool! Tagging the wonderful @akcasuallycruel for letting me remix this with her! . . . #psychologyindia #psychmajor #statistics #regression #knightofsteel A beta = 0.904 mean that for 1SD increase in X there is a corresponding increase of 0.904SDs in Y. Although we cannot establish causal relationships simply through a regression"
Instagram_knightofsteel
2.6M views1 month ago
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