Metadata
- Author: John V. Kane
- Full Title:: Correlation vs. Regression: A Key Difference That Many Analysts Miss
- Category:: 🗞️Articles
- URL:: https://news.dataelixir.com/t/t-l-eijtjid-yuuitdetk-u/
- Finished date:: 2024-04-24
Highlights
Indeed, the popular R-squared that is obtained in bivariate OLS regression is literally just the Pearson’s correlation coefficient (r) squared. (View Highlight)
• r is about how tightly the observations cluster around a fit line, regardless of how steep that line is. • b is about how steep that fit line is, regardless of how tightly the observations cluster around it. (View Highlight)