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What is the Difference Between Correlation and Covariance?

What is the Difference Between Correlation and Covariance?

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What is the Difference Between Correlation and Covariance?

The simple answer to this question is that correlation is the standardized form of covariance. Both Correlation and Covariance describe the degree of similarity between two variables. Correlation: When you say that two items correlate, you are saying that the change in one item effects a change in another item. You will always talk about […]

arnold on Sep 17, 2008