Demystifying the Correlation Matrix

3 min read

correlation matrix

Correlation and the correlation matrix are two terms that you will often come across in statistics, probability theory or Machine Learning.  The notations, formulae and numbers involved may seem overwhelming at first. But once you get the hang of it, you’ll get how important the correlation matrix is. It helps you get a deeper understanding of your data. So what is a correlation matrix? Read on to find out. The Correlation Coefficient To understand the correlation matrix, we need to first know more about the term ‘correlation’. Correlation is basically a measure of the dependence between two variables. In fact,…...

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Bingran Lu With an academic and professional background in the field of Finance and IT, Bingran has a deep appreciation for data-driven decision making. He is a fan of all things data related. Currently building his dream tool to help everyday people make smart investment decisions.