# Tag: correlation

## Understanding the correlation and regression analysis values

By Riya Jain and Priya Chetty on August 23, 2021

This article explains the different correlation and regression analysis values that are generated after conducting the tests. Their meaning, importance and how to interpret them are explained here.

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## Why conduct a multicollinearity test in econometrics?

By Riya Jain and Priya Chetty on March 19, 2020

A multicollinearity test helps to diagnose the presence of multicollinearity in a model. Multicollinearity refers to a state wherein there exists inter-association or inter-relation between two or more independent variables.

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## Performing Canonical Correlation Analysis (CCA)

By Priya Chetty on January 10, 2018

Until recently, Karl Pearson Correlation analysis was one of the most popular methods to measure linear association between two or more than two variables in a data set. For example, establishing the Karl Pearson Correlation between X variable and Y variable, where both variables belong to a single data set. Canonical Correlation Analysis (CCA), on the other hand, helps measure the correlation among variables which are in different datasets.

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