Correlation Analysis with R (with complementary graphical procedures)
Correlation Analysis with R with complementary graphical procedures
A student is performing a study to understand the correlation of temperature among different days of the week. Temperature on weekdays is recorded for 15 weeks in the file TemperatureData.csv.
Generate the following correlation matrices
Pearson’s correlation matrix
Kendall’s rank correlation matrix
Spearman’s rank correlation matrix
Comment on the outcomes of the results in parts 1 to 3.
R for Actuarial Students - CS1B - Paper J - Question 2