Covariance and Correlation Coefficient Assignment Help

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Describe covariance and correlation

Both covariance and correlation will help you understand whether the variables are inversely or positively related to each other. Correlation will allow you to know about the degree to which these variables might move together.

The correlation among two variables is number which might define as correlation coefficient. It is known to be a statistical concept that can allow establishing a relationship among prediction and actual value which is extracted in statistical experiment.

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