Glossary Statistics / Term
The correlation coefficient r is a measure of how nearly a scatterplot falls on a straight line. The correlation coefficient is always between −1 and +1. To compute the correlation coefficient of a list of pairs of measurements (X,Y), first transform X and Y individually into standard units. Multiply corresponding elements of the transformed pairs to get a single list of numbers. The correlation coefficient is the mean of that list of products. This page contains a tool that lets you generate bivariate data with any correlation coefficient you want.
Permanent link Correlation coefficient - Creation date 2021-08-07