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Correlation Coefficient Definition and Explanation PDF Download

Learn Correlation Coefficient definition in hrm with explanation to study “What is Correlation Coefficient”. Study correlation coefficient explanation with HRM terms to review HRM course for online MBA programs.

Correlation Coefficient Definition:

  • Index number that gives the relationship between a predictor and a criterion variable.

    Human Resource Management by Robert L. Mathis, John H. Jackson

Correlation Coefficient Explanation:

The correlation coefficient is a factual measure that ascertains the quality of the connection between the overall developments of two factors. The qualities extend between - 1.0 and 1.0. A determined number more prominent than 1.0 or not exactly - 1.0 implies that there was a blunder in the connection estimation. A connection of - 1.0 demonstrates an ideal negative relationship, while a connection of 1.0 demonstrates an ideal positive relationship. A connection of 0.0 demonstrates no connection between the development of the two factors. There are a few kinds of relationship coefficients however the one that is most regular is the Pearson connection (r). This estimates quality and course of the direct connection between two factors. It can't catch nonlinear connections between two factors and can't separate among needy and autonomous factors.

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