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The correlation coefficient quantifies the strength and direction of a linear relationship between two continuous variables. Values close to +1 or -1 indicate a strong positive or negative relationship, respectively, while values near 0 suggest a weak or no linear relationship. Calculating the correlation coefficient is particularly useful in EDA as it helps analysts understand potential dependencies between variables, which can influence modeling and feature selection decisions. This metric is essential for identifying patterns that might not be evident through simple visualization. Option A is incorrect as histograms display frequency distribution, not relationships. Option B is incorrect because box plots are used to display distribution and identify outliers, not relationships. Option D is incorrect as pie charts are used for categorical data proportions, not continuous variable relationships. Option E is incorrect because line plots are for trends over time, not relationship strength between two variables.
Match List-I with List-II and choose the correct answer from the codes given below:
Nagaland became the first Indian state to implement which type of insurance scheme?
India ranked ___________ in the Start-up Ecosystem Ranking for 2019.
What significant event does Vijay Diwas (December 16th) commemorate?
Which instrument is prominently played by the musician Sivamani?
A bank can issue Certificate of Deposit of maturity of 1 day to one year
When was The Bonded Labour System (Abolition) Act came into force in Uttarakhand?
Which company launched the first multi-brand co-branded credit card in India, partnering with RuPay and Yes Bank?
For pregnant women a Special Health Care Abhiyan 'Anchal' has been launched in which state?
Which Indian state hosts the Mera Hou Chongba festival?