Meaning of COEFFICIENT OF CORRELATION in English

COEFFICIENT OF CORRELATION

denoted as r; it lies between -1 and +1 and measure the linear association between two variables (X,Y).

eg:The r of 0.9809 shows that in the consumption function, the two variables, consumption(Y) and income(X), are highly positively correlated.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.