Hi,
I have a question about correlation. We are looking at Website Actions (Represented as Goal #) and Correlation to a specific Goal (Represented as SV). We have the total count of each action as well as a conversion rate of each action. When comparing the conversion RATES, the correlation is close to 0, but when looking at the correlation of the total amounts, it's closer to 100%. I can't wrap my head around why this is... does it have to do with how I'm calculating it? How the Formula works? Hoping someone could help.
So to clarify, Why is the CORREL formula saying that two rates are not correlated, but the total numbers are?
Thanks in advance!
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