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correlation coefficient
noun
: a number or function that indicates the degree of correlation between two sets of data or between two random variables and that is equal to their covariance divided by the product of their standard deviations
Examples of correlation coefficient in a Sentence
Recent Examples on the Web
On a year-to-year basis (2024 vs. 2023), my overall park factors had a 0.67 correlation coefficient, virtually the same as the past two seasons.
—Tony Blengino, Forbes, 11 Oct. 2024
Through the first nine months of 2024, the correlation coefficient between the daily moves of the S & P 500 and USO was 0.1, according to a CNBC calculation.
—Jesse Pound, CNBC, 3 Oct. 2024
The correlation coefficient between someone's 30-day interest rating, and their average daily score, was r=0.70.
—Neuroskeptic, Discover Magazine, 29 June 2013
The reliability of the neural responses to emotions was defined using the intraclass correlation coefficient (ICC).
—Neuroskeptic, Discover Magazine, 24 May 2017
Lyvers et al did a survey study of 106 university students and found that alexithymia was correlated with the amount of caffeine consumed per day (p < 0.01, correlation coefficient r = 0.26).
—Neuroskeptic, Discover Magazine, 18 Sep. 2014
The 90-day correlation coefficient of Bitcoin and the tech gauge now stands above 0.68, the highest such reading in Bloomberg data going back to 2010.
—Vildana Hajric, Fortune, 10 May 2022
The 90-day correlation coefficient of the coin and a basket of non-profitable tech stocks now stands above 0.60, the highest such reading on record.
—Vildana Hajric, Fortune, 18 Apr. 2022
Bitcoin has, as of late, sung the tune of the stock market, with the 100-day correlation coefficient of the coin and the S&P 500 now standing at 0.44.
—Emily Graffeo, Fortune, 7 Jan. 2022
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Word History
First Known Use
1895, in the meaning defined above
Time Traveler
The first known use of correlation coefficient was
in 1895
Dictionary Entries Near correlation coefficient
Cite this Entry
“Correlation coefficient.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/correlation%20coefficient. Accessed 30 Dec. 2024.
More from Merriam-Webster on correlation coefficient
Britannica.com: Encyclopedia article about correlation coefficient
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