Difference between Variance and Covariance

Variance is the measure of, the spread between numbers, in a given data set. In other words, it means, how far each number in the data set is, from the mean of this data set. 2. Covariance is the measure of, the directional relationship between, two random variables. In other words, covariance measures, how much, … Continue reading Difference between Variance and Covariance