This chapter is concerned with measuring the relatedness between two variables. A simple measure, the correlation coefficient, is commonly used to quantify the degree of relationship between two variables. In this chapter, I will discuss different types of regression models, assumptions and questions related to them, and the estimation method used commonly with regression models.
Q: What is correlation and what does it do?
In analytics, we try to find relationships and associations among various events. In the probabilistic context, we determine the relationships between ...
