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A measure of the degree of association among a pair of variables.
1
vote
Correlated variables in a math model
To answer your 2nd question, just think about the relation between covariance and correlation of two random variables. … Then I guess you can find your answer. the correlation is just scaled version of covariance. …
28
votes
Accepted
Relationship between $R^2$ and correlation coefficient
So let's consider the simple regression model and denote the Correlation Coefficient as $r_{xy}^2=\dfrac{S_{xy}^2}{S_{xx}S_{yy}}$, where I used the sub-index $xy$ to emphasize the fact that $x$ is the …