Linear Modelingmedium
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Suppose the variables and have a strong positive linear correlation () when measured over a wide range of values. If a new sample is collected where the values of are restricted to a very narrow range near its mean, what is the most likely effect on the calculated correlation coefficient of the new sample?
Suppose the variables and have a strong positive linear correlation () when measured over a wide range of values. If a new sample is collected where the values of are restricted to a very narrow range near its mean, what is the most likely effect on the calculated correlation coefficient of the new sample?