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Essay text:
A value of R = 1 indicates an exact linear relationship between x and y. Values of R close to 1 indicate excellent linear reliability. If the correlation coefficient is rather far from 1, the forecasts based on the linear relationship, y = mx + b, will be less dependable.
References
Elementary Statistics, Fourth Edition, McGraw Hill, 2008, Allan G. Bluman
Regression Analysis, Retreived August 16, 2007 from emlab.berkeley.edu
Correlation Coefficients Retreived August 16, 2007 from
www.tufts.edu
Slope -- from Wolfram MathWorld Retreived August 14, 2007
mathworld.wolfram.com
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