Covariance Explained
In this video, we explore the differences between the covariance and the correlation. In short, the covariance tells us the direction of the relationship between two random variables (positive or negative), while the correlation measures both the strength and direction of the relationship between two random variables.
Follow Me
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🐦 Twitter: @datamlistic / datamlistic
📸 Instagram: @datamlistic / datamlistic
📱 TikTok: @datamlistic / datamlistic
Channel Support
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
The best way to support the channel is to share the content. ;)
If you'd like to also support the channel financially, donating the price of a coffee is always warmly welcomed! (completely optional and voluntary)
► Patreon: / datamlistic
► Bitcoin (BTC): 3C6Pkzyb5CjAUYrJxmpCaaNPVRgRVxxyTq
► Ethereum (ETH): 0x9Ac4eB94386C3e02b96599C05B7a8C71773c9281
► Cardano (ADA): addr1v95rfxlslfzkvd8sr3exkh7st4qmgj4ywf5zcaxgqgdyunsj5juw5
► Tether (USDT): 0xeC261d9b2EE4B6997a6a424067af165BAA4afE1a