![[MINI] Covariance and Correlation - podcast episode cover](https://assets.metacast.app/images/episode/artwork/UL5aT4kC)
[MINI] Covariance and Correlation
Oct 30, 2015•14 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
The degree to which two variables change together can be calculated in the form of their covariance. This value can be normalized to the correlation coefficient, which has the advantage of transforming it to a unitless measure strictly bounded between -1 and 1. This episode discusses how we arrive at these values and why they are important.
For the best experience, listen in Metacast app for iOS or Android