Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
Fundamentals of Statistics: Correlation
Learn about correlations, distributions, and how they relate to information gathered through graph analysis and variables.Preview the first lesson free — get full access to all 6 lessons.
Beginner Provider : Victoria Sexton 6 Lessons · 20m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Understanding how information is linked is key to being able to use your collected information to make decisions. While not all data is correlated, you can use correlated data to determine where changes may be necessary or where there may be potential for greater profit. To gain the greatest impact from your data, it’s important to recognize how the relationship between various plots of data can point to trends and patterns in your business or industry. Through awareness of these trends and patterns, you can make better decisions for the future success of your company.
In this course on Correlation, you will learn about correlations, distributions, and how they relate to information gathered through graph analysis and variables. We’ll look at ways to visualize your data, such as crosstabs and scatterplots, so you can better evaluate relationships between data points. Dealing with an entire population of data can be complicated, so we’ll also cover how using a sampling distribution is an efficient way to represent a subset of the entire data population.
What You'll Learn
- Understand correlation and how to determine whether correlation exists in your data
- Explore different methods of data distribution
- Visualize relationships between data points using crosstabs and scatterplots
- Apply sampling distributions to gain insight about a whole data population
- Distinguish between correlation and causation
- Examine multiple comparisons when analyzing data relationships
Key Takeaways
- Understanding how information is linked is key to using collected data to make decisions.
- Correlated data can help determine where changes may be necessary or where there may be potential for greater profit.
- Recognizing the relationship between various plots of data can point to trends and patterns in a business or industry.
- Crosstabs and scatterplots are ways to visualize data so relationships between data points can be better evaluated.
- Using a sampling distribution is an efficient way to represent a subset of an entire data population.
Frequently Asked Questions
What does this course cover?
This course on Correlation covers correlations, distributions, and how they relate to information gathered through graph analysis and variables. It looks at ways to visualize data, such as crosstabs and scatterplots, and covers how sampling distributions efficiently represent a subset of an entire data population.
Will this course explain the difference between correlation and causation?
Yes. One of the learning objectives is to recognize the difference between correlation and causation, and the course includes a lesson titled "Correlation is not Causation."
How can correlated data help with business decisions?
According to the course, correlated data can be used to determine where changes may be necessary or where there may be potential for greater profit, and awareness of trends and patterns helps you make better decisions for the future success of your company.
What lessons are included in this course?
The lessons are Introduction; Crosstabs and Scatterplots; Correlation is not Causation; Sampling Distributions; Multiple Comparisons; and Test Your Knowledge.
Why does the course cover sampling distributions?
Because dealing with an entire population of data can be complicated, the course covers how using a sampling distribution is an efficient way to represent a subset of the entire data population.
Professional Certifications and Continuing Education Units (CEUs)
Project Management Institute (PMI®)
Professional Development Units (PDUs): 0.5
KnowledgeCity has been reviewed and approved by the PMI® Authorized Training Partner Program. Users can maintain your PMI credentials by earning PDUs from KnowledgeCity qualified courses in Project Management, Business Management, Leadership and many others.
Society for Human Resource Management (SHRM®)
Professional Development Credits (PDCs): 0.5
KnowledgeCity is approved by SHRM as a Recertification General Provider to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). By taking the courses approved by SHRM, KnowledgeCity can award SHRM Professional Development Credits (PDCs) for HR knowledge and competency programs related to the SHRM Body of Applied Skills and Knowledge™ (the SHRM BASK™).
