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Relationship Measures FAQs

Relationship measures quantify how variables interact, indicating strength, direction and consistency across observed numerical changes.

The Coefficient of Variation compares spread relative to the average, helping standardise variation across datasets with different scales.

A positive covariance indicates that both variables tend to rise together, reflecting movement in the same general direction.

The R² value summarises how much variation in an outcome is linked to predictors, indicating overall alignment between model and data.

Prediction efficiency compares model errors with baseline errors, generating a score that reflects improvement over simple averaging.