It is interpreted as the fraction of variation in the dependent variable that is ... Correlation - A measure of the degree of relatedness of two or more variables. ... to the Poisson distribution that describes the times between random occurrences
In probability theory and statistics, the mathematical concepts of covariance and correlation are very similar. Both describe the degree to which two random variables or sets of random variables tend to deviate from their expected values in similar ways.
where E is the expected value operator and and are the standard deviations of X and Y, respectively. Notably, correlation is dimensionless while covariance is in units obtained by multiplying the units of the two variables. The covariance of a variable with itself (i.e. ) is called the variance and is more commonly denoted as the square of the standard deviation. The correlation of a variable with itself is always 1 (except in the degenerate case where the two variances are zero, in which case the correlation does not exist).
In probability theory, to say that two events are independent (alternatively called statistically independent or stochastically independent ) means that the occurrence of one does not affect the probability of the other. Similarly, two random variables are independent if the realization of one does not affect the probability distribution of the other.
The concept of independence extends to dealing with collections of more than two events or random variables.
In statistics, dependence refers to any statistical relationship between two random variables or two sets of data. Correlation refers to any of a broad class of statistical relationships involving dependence.
Familiar examples of dependent phenomena include the correlation between the physical statures of parents and their offspring, and the correlation between the demand for a product and its price. Correlations are useful because they can indicate a predictive relationship that can be exploited in practice. For example, an electrical utility may produce less power on a mild day based on the correlation between electricity demand and weather. In this example there is a causal relationship, because extreme weather causes people to use more electricity for heating or cooling; however, statistical dependence is not sufficient to demonstrate the presence of such a causal relationship (i.e., correlation does not imply causation).
In probability and statistics, a probability distribution assigns a probability to each measurable subset of the possible outcomes of a random experiment, survey, or procedure of statistical inference. Examples are found in experiments whose sample space is non-numerical, where the distribution would be a categorical distribution; experiments whose sample space is encoded by discrete random variables, where the distribution can be specified by a probability mass function; and experiments with sample spaces encoded by continuous random variables, where the distribution can be specified by a probability density function. More complex experiments, such as those involving stochastic processes defined in continuous time, may demand the use of more general probability measures.
In applied probability, a probability distribution can be specified in a number of different ways, often chosen for mathematical convenience:
(for , where is the incomplete gamma function and is the floor function)
(for large ) Variable
In probability theory, a Poisson process is a stochastic process which counts the number of events and the time that these events occur in a given time interval. The time between each pair of consecutive events has an exponential distribution with parameter λ and each of these inter-arrival times is assumed to be independent of other inter-arrival times. The process is named after the French mathematician Siméon Denis Poisson and is a good model of radioactive decay, telephone calls and requests for a particular document on a web server, among many other phenomena.
The Poisson process is a continuous-time process; the sum of a Bernoulli process can be thought of as its discrete-time counterpart. A Poisson process is a pure-birth process, the simplest example of a birth-death process. It is also a point process on the real half-line.
In statistics, the intraclass correlation (or the intraclass correlation coefficient, abbreviated ICC) is a descriptive statistic that can be used when quantitative measurements are made on units that are organized into groups. It describes how strongly units in the same group resemble each other. While it is viewed as a type of correlation, unlike most other correlation measures it operates on data structured as groups, rather than data structured as paired observations.
The intraclass correlation is commonly used to quantify the degree to which individuals with a fixed degree of relatedness (e.g. full siblings) resemble each other in terms of a quantitative trait (see heritability). Another prominent application is the assessment of consistency or reproducibility of quantitative measurements made by different observers measuring the same quantity.