This video is about correlation analysis. We will then look at the most important correlation analyses: Pearson Correlation, Spearman Correlation, Kendalls Tau, and Point Biserial Correlation. Finally, we will discuss the difference between correlation and causation.
What is a correlation analysis?
Correlation analysis is a statistical method used to measure the relationship between two variables.
For example: Is there a relationship between a person's salary and age?
► Online Correlation Calculator
https://datatab.net/statistics-calculator/correlation
► Tutorial Correlation Analysis
https://datatab.net/tutorial/pearson-correlation
► E-BOOK
https://datatab.net/statistics-book
0:00 Video topics
0:23 What is a correlation analysis?
2:08 Different correlation coefficients.
2:25 What is a Pearson Correlation?
8:36 What is a Spearman Rank Correlation?
12:06 What is Kendall's Tau?
16:51 What is point biserial correlation?
22:58 What is the difference between correlation and causality?
If you like, you can also take a look at our new project:
https://statisty.app/correlation-calculator