Correlation Coefficient Calculator is a free online tool that displays the correlation coefficient for the given set of data values. BYJU’S online correlation Coefficient calculator tool makes the calculation faster, and it displays the correlation coefficient value in a fraction of seconds.
How to Use the Correlation Coefficient Calculator?
The procedure to use the correlation coefficient calculator is as follows:
Step 1: Enter the x and y data values separated by a comma in the respective input field
Step 2: Now click the button “Calculate” to get the value
Step 3: Finally, the correlation coefficient value for the given data values will be displayed in the new window
What is Meant by Correlation Coefficient?
In Statistics, the correlation coefficient is a measure that is defined between the numbers -1 and +1, which represents the linear interdependence of the set of data. It measures the strength and direction of the relationship between two variables, generally taken as x and y. If the correlation coefficient ranges from the value -1 to +1, then it is called a simple correlation coefficient. If it is +1, it is considered to have a strong positive relationship between the variables, and for -1, it is considered as a strong negative relationship between the variables.