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What is an advantage of the correlation coefficient over the covariance?
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What is an advantage of the correlation coefficient over the covariance?
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Jun 24, 2018
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What is an advantage of the correlation coefficient over the covariance?
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Farman Ali Khan
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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.
Praveen Kalal
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Jun 30, 2018
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