Data Collection: Gather the dataset with multiple variables (e.g., temperature, humidity, sales, etc.). Data Preparation: Load the dataset, handle missing values if any, and select the variables to ...

Let’s look at what correlation means in terms of the relationship between variables. Although our focus will be on positive correlation, we will also describe negative correlation and what we mean ...

Despite the chant that correlation is not causation, some researchers believe the design of scatter plots nudges us to the wrong conclusions. Can a change in their design lessen that risk? Analyzing ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Scatter plots serve as powerful tools capable of unlocking insights contained within raw data. In this article, we explore what scatter plots are, discuss their advantages, explore their varied ...

When performing Spearman partial correlation analysis in JASP, I've observed an inconsistency in the generated scatter plot output. The software correctly calculates and labels the partial Spearman ...