Bivariate Distributions

Bivariate Distributions

1. Correlation

   • Correlation can have varying strengths
     • Strong
     • Weak
   • Correlarion can have a sign
     • Positive
     • Negative
   • No correlation

2. Line of best fit

3. Scatter diagrams

4. Dispersion parameters

   • Covarianze XY
   • Typical deviation X
   • Typical deviation Y
   • The regression line of Y on X