Measures of Correlation - One Shot Revision | Class 11 Statistics (Sandeep Garg)
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Economics (Statistics for Economics)
✔️ Chapter: Measures of Correlation (Chapter 11)
✔️ Topic Name: Measures of Correlation - One Shot Revision
✔️ Topics Covered in This Video: Correlation and causation, Significance of correlation, Types of Correlation, Degree of Correlation, Methods of measurements of correlation, Scatter diagram, Karl Pearson's coefficient of correlation, Spearman's rank correlation
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00:00 Introduction
3:18 Overview
4:31 Meaning of Correlation
6:26 Correlation & Causation
11:36 Importance of Significance of Correlation
14:48 Types of Correlation
15:31 Positive & Negative Correlation
18:15 Linear & Non-Linear Correlation
22:00 Simple, Multiple & Partial Correlation
25:56 Degree of Correlation: Perfect Correlation
30:12 Zero Correlation/Limited Degree of Correlation
40:36 Method of Measurement of Correlation
41:45 Scatter Diagram
1:02:39 Karl Pearson’s Coefficient of Correlation
1:12:02 Value of Correlation Coefficient
1:13:00 Calculation of Karl Pearson’s Coefficient of Correlation
1:32:20 Properties of Coefficient of Correlation
1:33:54 Merits & Demerits of Coefficient Correlation
1:37:23 Spearman’s Rank Correlation
1:41:16 Computation of Rank Correlation
1:51:04 Merits & Demerits of Rank Correlation
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