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Methodological and Applicative Problems of using Pearson Correlation Coefficient in the Analysis of Socio-Economic Variables

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  • Daniela-Emanuela Danacica

    (Faculty of Economics, Constantin Brancusi University of Targu-Jiu)

Abstract

The aim of this paper is to focus on the methodological and applicative problems that Pearson correlation coefficient may arise when used to analyzing the relationship between socio-economic variables. Using real data we empasized the effect of the most important factors influencing the size and interpretation of Pearson coefficient and we presented the special cases of this statistics and their usefulness

Suggested Citation

  • Daniela-Emanuela Danacica, 2017. "Methodological and Applicative Problems of using Pearson Correlation Coefficient in the Analysis of Socio-Economic Variables," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(2), pages 148-163, February.
    • Handle: RePEc:rsr:supplm:v:65:y:2017:i:2:p:148-163
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    References listed on IDEAS

    as
    1. John Carroll, 1961. "The nature of the data, or how to choose a correlation coefficient," Psychometrika, Springer;The Psychometric Society, vol. 26(4), pages 347-372, December.
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    Cited by:

    1. David Haritone Shikumo & Oluoch Oluoch & Joshua Matanda Wepukhulu, 2023. "Financial Structure, Firm Size and Financial Growth of Non-Financial Firms Listed at the Nairobi Securities Exchange," Papers 2303.10910, arXiv.org.

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    More about this item

    Keywords

    correlation; Pearson coefficient; size; linearity;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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