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 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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