The two most important and useful Concepts in Statistics explained.

Covariance and PCC

Covariance

Covariance is the measure of the relationship between two random variables. And with the help of covariance, we will be able to find the direction in which the variables change with each other.

Pearson’s Correlation Coefficient

Pearson’s Correlation Coefficient is also the measure of the relationship between two random variables. But in Pearson’s Correlation Coefficient we will be able to find the magnitude by which both the random variables are correlated.

Source: Wikipedia

Conclusion:

And by now I hope you got to know about Covariance and Pearson’s Correlation Coefficient.

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