Calculating the covariance between two variables? Enter your data sets, and our Covariance Advanced Calculator will compute the covariance.
Covariance Calculator
Covariance Calculator
Component | Description |
---|---|
Data Set X | The set of values for the first variable. |
Data Set Y | The set of values for the second variable. |
Mean of X (μₓ) | The average of the values in Data Set X. |
Mean of Y (μᵧ) | The average of the values in Data Set Y. |
Covariance | The measure of how much two variables change together. |
Formula | Cov(X, Y) = Σ((Xᵢ - μₓ) * (Yᵢ - μᵧ)) / (n - 1) |
Purpose | Used to calculate the covariance between two variables, aiding in statistical analysis and understanding relationships between variables. |