Describe the concept of correlation

Reference no: EM1395451

In your own words, describe the concept of correlation, include the coefficient of correlation (r) and the coefficient of determination (r2) in your description.

Please include an example data set in your explanation. Again, Excel and MegaStat will do all the necessary calculations.

Excel 2003: Tools > Data Analysis > Correlation

Excel 2007: Data > Data Analysis > Correlation

MegaStat: Correlation/Regression > Correlation Matrix

Reference no: EM1395451

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