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TeachMeFinance.com - explain Correlation (statistical term) Correlation (statistical term) The term 'Correlation (statistical term)' as it applies to the area of energy can be defined as ' In its most general sense, correlation denotes the interdependence between quantitative or qualitative data. It would include the association of dichotomized attributes and the contingency of multiple classified attributes. The concept is quite general and may be extended to more than two variates.The word is most frequently used in a somewhat narrower sense to denote the relationship between measurable variates or ranks'. Previous 5 Terms: Coronal Rain Coronal Transients coronoid Correlated Shear correlation Next 5 Terms: correlation coefficient corresponding angles Corridor Corrosion corviform About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.