Application | Description |
Relationship Analysis | It helps to find out whether there is a relationship (correlation) between two variables. For instance, a scatter plot of study hours (x) vs. exam scores (y) may indicate a positive relationship. |
Trend Identification | Patterns like linear, non-linear, or no correlation can be identified. It helps determine whether the relationship is increasing, decreasing, or trending |
Identification of Outliers | It is easy to identify points that considerably deviate from the overall pattern. |
Regression Analysis | Used as a precursor to fit regression lines or curves to understand the mathematical relationship. |
Comparative Analysis | It is commonly used to compare the relationship between variables across categories. |