Can Correlation Coefficient Be More Than 1. Case 4 x is 13 and y is 13. However if it is 0 then we can only say that there is no linear relationship.
What Do Correlation Coefficients Positive Negative And Zero Mean from www.investopedia.com
The greater the absolute value of the correlation coefficient the stronger the relationship. Case 1 x is 3 and y is 3. There could exist other functional relationships between the variables.
If the Pearsons coefficient is a perfect -1 or 1 Spearmans correlation coefficient will be the same.
If there is no relationship at all between two variables then the correlation coefficient will certainly be 0. If there is no relationship at all between two variables then the correlation coefficient will certainly be 0. Jan 30 2021 The possible range of values for the correlation coefficient is -10 to 10. Comparing Spearmans and Pearsons Coefficients.
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