- Published on August 26, 2020
- In Deep Tech
Effective Way To Replace Correlation With Predictive Power Score(PPS) In Python
Predictive Power Score works similar to the coefficient of correlation but has some additional functionalities.
- By Himanshu Sharma
The strength of a linear relationship between two quantitative variables can be measured using Correlation. It is a statistical method that is very easy in order to calculate and to interpret. It is generally represented by ‘r’ known as the coefficient of correlation.
This is the reason why it is highly misused by professionals because correlation cannot be termed for causation. It is not necessary that if two variables have a correlation then one is dependent on the other and similarly if there is no correlation between two variables it is possible that they might have some relation. This is where PPS(Predictive Power Score) comes into the role.
Predictive Power Score works similar to the coefficient of correlation but has some additional functionalities like:
It works
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Himanshu Sharma
An aspiring Data Scientist currently Pursuing MBA in Applied Data Science, with an Interest in the financial markets. I have experience in Data Analytics, Data Visualization, Machine Learning, Creating Dashboards and Writing articles related to Data Science.
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