Correlation coefficient: statistical measure of the strength of the relationship between the relative movements of two variables.
• If a correlation coefficient has an exact value of one, it has a perfect positive relationship between the two variables
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• If a correlation coefficient has an exact value of minus one, there is a perfect negative relationship between the two variables.
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• Analysts in some fields of study do not consider correlations important until the value surpasses at least 0.8. However, a correlation coefficient with an absolute value of 0.9 or greater would represent a very strong relationship.
Thus, they have a weak correlation.