What is Correlation and Regression? What is the difference between regression and correlation problems?
Correlation=
Correlation
analysis shows the relationship between two or more variables and how the
change effects each variables but these variables fluctuate together.
Regression=
Regression
analysis is used to find the relationship between variables (X, Y,). Like the
mean value of one variable and the mean value of another variable and the
connection of both. Regression analysis shows causal effect relationship.
Difference=
Correlation
|
Regression
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Used to measure the strength of
relationship of variables.
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Used for predicting the variables.
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Both variables are supposed to be
independent.
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One variable is considered as
independent and other dependent.
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Here, Correlation Co-efficient (r)
defines the strength of relationship of variables.
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Here, Correlation Co-efficient (b)
defines increase or decrease in dependent variable.
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(r) is symmetrical related to
variables X and Y.
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(b) same as X on Y but not same as Y
on X.
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It explains the existence of
relationship of variables (not cause effect relation).
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It explains the cause and effect
relationship of variables.
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