Correlation Coefficient and Simpson's Paradox
Learn about correlation coefficients and Simpson's paradox in multiple regression.
We'll cover the following
Correlation coefficient
Recall that the correlation coefficient between income
in thousands of dollars and credit card debt
was 0.464. What if, instead, we looked at the correlation coefficient between income
and credit card debt
, but where income
was in dollars and not thousands of dollars? This can be done by multiplying income
by 1000.
Get hands-on with 1400+ tech skills courses.