|
What is the Correlation Coefficient?
The correlation coefficient
a concept from
statistics
is a measure of how well trends in the predicted values
follow trends in past actual values. It is a measure of how
well the predicted values from a forecast model "fit" with the
real-life data.
The correlation coefficient is a number between 0 and
1. If there is no relationship between the predicted values and the
actual values
the correlation coefficient is 0 or very low (the predicted
values are no better than random numbers). As the strength of the
relationship between the predicted values and actual values increases
so does
the correlation coefficient. A perfect fit gives a coefficient of
1.0. Thus
the higher the correlation coefficient
the better.
|
Current
Money Rates |
| June 28, 2005 (Close of Day) |
|
Indicator |
Value |
| Prime Rate |
6.00 |
| 30 Year T-Bond |
4.24 |
| 10 Year T-Note |
3.98 |
| 91 Day T-Bill |
3.08 |
| Fed Funds |
3.17 |
| LIBOR 3 Month |
3.49 |
| Mortgage Rate 30 Year |
5.61 |
| |
|
|