the correlation coefficient of a data set is -0.833 can I be confident that my predicted value will be close to the actual value? Why or why not?

6 answers

a number (positive or negative) close to 1 means it is a good approximation.

review correlation coefficients.
the correlation coefficient of a data set is -0.833 can I be confident that my predicted value will be close to the actual value? Why or why not?
The correlation coefficient for the given data set is= -0.833

It means there is weak relation between two variables. Negative correlation means, if one quantity is increasing other is decreasing.
So, the value of -0.833 shows that there is very less correlation between x and y values or two values in data set.
Also , The correlation can range from -1 to 1, with 0 being no correlation at all. so in this case, -0.833 is close to 0, you would be not confident at all.
This means your prediction is no better than a random guess.
So, the chances are very less that predicted value will be reasonably close to the actual value as the points will be far from line of best fit.
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"urmom" like fr
thank you "Kraken (She/Her)" !!! this makes it so much more understandable :)))