Statistical Methods for Data Science
In statistics, 'r' typically represents the correlation coefficient, a measure that quantifies the degree of relationship between two variables. It can range from -1 to 1, where -1 indicates a perfect negative correlation, 0 indicates no correlation, and 1 indicates a perfect positive correlation. This concept is essential in various statistical methods for understanding relationships within data sets, making predictions, and assessing the strength and direction of associations.
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