LavecBeSStarahSaku LavecBeSStarahSaku

15-01-2017
Mathematics

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What is an advantage of the correlation coefficient over the covariance?

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MissPhiladelphia MissPhiladelphia

17-01-2017

The advantage of the correlation measure over the covariance measure is that correlation is unit-free but covariance is not. Covariance is sensitive to the values of x and y. The correlation coefficient has been normalized and is unit-free.

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