A correlation coefficient is a measure of the energy and path of a linear relationship between two variables. It might vary from -1 to 1, with a price of 0 indicating no correlation, a price of 1 indicating an ideal optimistic correlation, and a price of -1 indicating an ideal adverse correlation.
The correlation coefficient can be utilized to find out whether or not there’s a statistically important relationship between two variables. A statistically important relationship signifies that the connection is unlikely to have occurred by probability.
