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Python Data Analysis

You're reading from   Python Data Analysis Perform data collection, data processing, wrangling, visualization, and model building using Python

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Product type Paperback
Published in Feb 2021
Publisher Packt
ISBN-13 9781789955248
Length 478 pages
Edition 3rd Edition
Languages
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Authors (2):
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Ivan Idris Ivan Idris
Author Profile Icon Ivan Idris
Ivan Idris
Avinash Navlani Avinash Navlani
Author Profile Icon Avinash Navlani
Avinash Navlani
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Table of Contents (20) Chapters Close

Preface 1. Section 1: Foundation for Data Analysis
2. Getting Started with Python Libraries FREE CHAPTER 3. NumPy and pandas 4. Statistics 5. Linear Algebra 6. Section 2: Exploratory Data Analysis and Data Cleaning
7. Data Visualization 8. Retrieving, Processing, and Storing Data 9. Cleaning Messy Data 10. Signal Processing and Time Series 11. Section 3: Deep Dive into Machine Learning
12. Supervised Learning - Regression Analysis 13. Supervised Learning - Classification Techniques 14. Unsupervised Learning - PCA and Clustering 15. Section 4: NLP, Image Analytics, and Parallel Computing
16. Analyzing Textual Data 17. Analyzing Image Data 18. Parallel Computing Using Dask 19. Other Books You May Enjoy

Understanding relationships using covariance and correlation coefficients

Measuring the relationship between variables will be helpful for data analysts to understand the dynamics between variables—for example, an HR manager needs to understand the strength of the relationship between employee performance score and satisfaction score. Statistics offers two measures of covariance and correlation to understand the relationship between variables. Covariance measures the relationship between a pair of variables. It shows the degree of change in the variables—that is, how the change in one variable affects the other variable. Its value ranges from -infinity to + infinity. The problem with covariance is that it does not provide effective conclusions because it is not normalized. Let's find the relationship between the communication and quantitative skill score using covariance, as follows:

# Covariance between columns of dataframe
data.cov()

This results in the following...

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