How is a correlation coefficient calculated?

Document ID

Document ID TE6462

Version

Version 2.0

Status

Status Published

Published Date

Published Date 27/05/2017
Question
How is a correlation coefficient calculated?
Summary
Calculating correlation coefficient.
Answer
The statistical parameter called the correlation coefficient ( r) estimates the actual linearity of the original data. In other words, r estimates how well the straight line equation represents the scattered data points plotted on a graph.

A complete series of equations and examples can be found attached to assist with calculations of this parameter
Attachments