What can covariance be used for?

flyerwarriorr8

flyerwarriorr8

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2022-08-21

What can covariance be used for?

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tkaljegs

tkaljegs

Beginner2022-08-22Added 9 answers

When we have sample data relating to two dependent variables, the co-variance becomes relevant.
Co-variance is a measure of the effect of variation between the two variables.
When we have two dependent variables say X and Y, we can study the variation within the values of X - this is σ x 2
the variation within the values of Y is the variance of y σ y 2
The study of the simultaneous variation between X and Y is called COV(X,Y) or σ x y

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