covariance (Meaning)

Wordnet

covariance (n)

(statistics) the mean value of the product of the deviations of two variates from their respective means

Synonyms & Antonyms of covariance

No Synonyms and anytonyms found

covariance Sentence Examples

  1. Covariance measures the degree to which two random variables change together.
  2. In statistics, covariance indicates the direction of the linear relationship between two variables.
  3. A positive covariance implies that when one variable increases, the other tends to increase as well.
  4. Negative covariance suggests that when one variable increases, the other tends to decrease.
  5. Covariance is used to assess the strength and direction of association between variables in a dataset.
  6. The covariance matrix provides a comprehensive view of the relationships among multiple variables.
  7. When calculating covariance, deviations from the mean of each variable are multiplied and averaged.
  8. Covariance is influenced by the scale of the variables; thus, it's often standardized to facilitate comparison.
  9. Zero covariance indicates no linear relationship between variables.
  10. Understanding covariance is essential in various fields, including finance, economics, and data analysis.

FAQs About the word covariance

(statistics) the mean value of the product of the deviations of two variates from their respective means

No synonyms found.

No antonyms found.

Covariance measures the degree to which two random variables change together.

In statistics, covariance indicates the direction of the linear relationship between two variables.

A positive covariance implies that when one variable increases, the other tends to increase as well.

Negative covariance suggests that when one variable increases, the other tends to decrease.