Textbook Notes (368,317)
United States (206,003)
Economics (223)
ECON 202 (6)
Chapter

# SECTION 3.5.enex

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School
Department
Economics
Course
ECON 202
Professor
Schultz--- Universityof Illinois
Semester
Fall

Description
SECTION 3.5: VARIABLES COVARIANCE: descriptive measure of the linear association between tw o variables. SAMPLE COVARIANCE:Â  Â  Â  Â  POPULATION COVARIANCE: Â  Â  Â  CORRELATION COEFFICIENT: measure of the relationship between two var iables that is not affected by units of measurement for x and y.Â  Correlation provides a measure of linear association but not necessarily ca usation.Â  Â  Â  Â A high correlation between two variables does not mean that changes in one vari able will cause changes in the other variable.Â  ]]>20130905T181859Z20130905T182441Z40.10925749641418-88.2271576 5204556224.8015289306641jessicatli94iVBORw0KGgoAAAANSUhEUg AAAWgAAAAkCAIAAAArajchAAAACXBIWXMAABJ0AAASdAHeZh94AAAABGdB TUEAALGOfPtRkwAAACBjSFJNAAB6JQAAgIMAAPn/AACA6QAAdTAAAOpgAAA6mAAAF2+SX8VGAAAKz0lE QVR42mL8//8/wwCBT58+TZ4w8dq1a1paWrx8vHDx69euA6Vq6mo1tbTQ1PPx8TEMHMDvgAF33iBxwygY CQAggBgHsOCAJPToiMinT54sXbEcuZjITEt3cXMNDgmBi+zetQtIurq5DaBrcbkB6IsF8+YlJCUNeKa9 fu3aiRMnEpOSRlP2KKApAAggpoG1HpjTgEWGtIwMsPgAJnq4eGdPN7A0gXPXrllD/1Jj0oQJKgqKcAR0 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