Correlation Coefficient

Posted in Finance, Accounting and Economics Terms, Total Reads: 1182
Advertisements

Definition: Correlation Coefficient

The tendency of two variables to move together is called correlation, and the correlation coefficient measures this tendency.

The symbol for the correlation coefficient is the Greek letter rho, ρ.

Its equation is:

Formula:


Correlation Coefficient Example


Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Correlation Coefficient. The Management Dictionary covers over 7000 business concepts from 6 categories.



Share this Page on:

Similar Definitions from same Category: