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Statistics 101: Understanding Correlation

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Published on Jan 25, 2013

Statistics 101: Understanding Correlation

In this video we discuss the basic concepts of another bivariate relationship; correlation. Previous videos examined covariance and in this lesson we tie the two concepts together. Correlation comes with certain caveats and we talk about those as well. Finally we walk through a simple example involving correlation and its interpretation. Enjoy! For my complete video library organized by playlist, please go to my video page here:

http://www.youtube.com/user/BCFoltz/v...

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