What is another word for correlation coefficient?
Pronunciation: [kˌɒɹɪlˈe͡ɪʃən kˌə͡ʊɪfˈɪʃənt] (IPA) 
Correlation Coefficient is a statistical measure that helps to determine the relationship between two variables. There are several synonyms for the term, such as correlation coefficient formula, Pearson correlation coefficient, correlation analysis, and correlation matrix. Correlation research is used in several fields like economics, psychology, social sciences, and so on. The Pearson correlation coefficient is the most common type of correlation that measures the strength and direction of the linear relationship between two variables. A correlation matrix is a table that shows the correlation coefficients between various variables, which helps in identifying the interdependencies between them. The term correlation coefficient formula refers to the mathematical formula that helps in calculating the correlation coefficient value.
