Significance of Correlation coefficient

The correlation coefficient is a statistical measure that quantifies the strength and direction of the relationship between two variables, typically denoted as 'r.' It can indicate how well data fits a model, with values close to 1 suggesting a strong linear relationship. In various studies, the correlation coefficient is utilized to evaluate the linearity of relationships, such as between drug concentration and response in analytical methods. High correlation coefficients, often above 0.999, signal reliable results in calibration analyses for pharmaceuticals.

Synonyms: Correlation, Pearson's r, Statistical relationship, Linear correlation coefficient, Pearson correlation, Correlation factor

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The concept of Correlation coefficient in scientific sources