Scatter Plots7:09 with AJ Tran
Scatter plots are the best plot to use if you are interested in showing relationships between data and seeing trends between two variables.
- An R Squared value that is closer to positive 1 means that there is a strong positive correlation between the two variables; both variables increase or decrease at the same time with each other.
- A value closer to negative 1 means there is a strong negative correlation; when one variable increases, the other variable decreases.
- A value close to 0 means that there is a very weak correlation between the two variables and maybe no relationship exists.
GDP (Total) vs. Population - Caribbean 2020
There is a moderate positive correlation between population and total GDP for Caribbean countries in 2020. Generally, as population increases, so does a country's GDP.
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