SPURIOUS CORRELATION DUE TO DEFLATING VARIABLES,
Abstract
This Memorandum shows that when a homogeneous linear regression of a normally distributed variable Y on two nromally distributed variables X and Z is deflated by Z, then when X and Y are uncorrelated the deflated dependent variable Y/Z and independent variable X/Z are either uncorrelated or perfectly correlated. Thus, existing approximations to the covariance of these deflated variables are poor. A new approximation to this covariance is given which has the same defect for normally distributed variables, but which could otherwise be better than existing ones. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1963
- Accession Number
- AD0426082
Entities
People
- Albert Madansky
Organizations
- RAND Corporation