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Correlation Coefficient
The correlation coefficient is:
$$\rho_{X,Y}=\frac{\operatorname{Cov}(X,Y)}{\sigma_X\sigma_Y}$$
Usage
- Used to measure standardized linear dependence.
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Correlation Coefficient
The correlation coefficient is:
$$\rho_{X,Y}=\frac{\operatorname{Cov}(X,Y)}{\sigma_X\sigma_Y}$$
Usage
- Used to measure standardized linear dependence.
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