Covariance - Explained

This educational video delves into how you quantify a linear statistical relationship between two variables using covariance!
#statistics #probability #SoME2
This video gives a visual and intuitive introduction to the covariance, one of the ways we measure a linear statistical relationship. Covariance values above zero mean positive linear relationship, negative covariance indicates negative linear relationship and covariance values close to zero indicate no linear relationship between two variables. Discussions in this video include:
1. Visualize the covariance formula using examples
2. Illustrate that covariance measures linear relationships only. Two variables could have non-linear relationships which covariance would not capture.
3. Breifly mention drawbacks of covariance as a measure of statistical linear relationship, and lay the foundation for a discussion about the product moment correlation coefficient.
Credits:
1. The animations in this video are created by manim community edition software docs.manim.com...