The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Regression and Correlation Analysis

  • D. V. Lindley
Reference work entry


Correlation is a tool for understanding the relationship between two quantities. Regression considers how one quantity is influenced by another. In correlation analysis the two quantities are considered symmetrically: in regression analysis one is supposed dependent on the other, in an unsymmetric way. Extensions to sets of quantities are important.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • D. V. Lindley
    • 1
  1. 1.