Statistics How To

Shared Variance

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“Shared variance” can mean several things, depending on what field you’re in.
In statistics, shared variance generally refers to covariance. However, the term is sometimes used in textbooks as part of the formal definition for the correlation coefficient (shared variance divided by combined variance).

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Statistical concepts explained visually - Includes many concepts such as sample size, hypothesis tests, or logistic regression, explained by Stephanie Glen, founder of StatisticsHowTo.

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