Correlation analysis is a statistical technique used to measure the strength and direction of the relationship between two variables. It helps determine if there is a linear association between the variables.
Related terms
Scatterplot: A scatterplot is a graph that visualizes the relationship between two variables in correlation analysis.
Positive Correlation: This refers to a relationship where as one variable increases, the other variable also tends to increase.
Negative Correlation: This refers to a relationship where as one variable increases, the other variable tends to decrease.