1.18: Calibration Curves: Correlation Coefficient
In a linear calibration curve, there is a value called the calibration coefficient, denoted by 'r,' which measures the strength and the direction of association between two variables. The correlation coefficient value ranges from −1 to +1. A value of +1 indicates a perfect positive linear correlation, −1 denotes a perfect negative correlation, and 0 implies no correlation between the two variables. A positive correlation value establishes that as one variable increases, the other increases, and vice versa. On the contrary, a negative correlation value indicates that as one variable increases, the other variable decreases, and vice versa. Squaring the correlation coefficient results in the coefficient of determination, denoted by 'r2' or 'R2'. This value ranges from 0 to 1. A value closer to 1, such as 0.999, indicates an excellent fit, whereas a value close to 0 indicates a poor fit.
